PPP Loan Data — Oregon Shakespeare Festival Association, Ashland, OR
Oregon Shakespeare Festival Association is a non-profit organization located at 15 S. Pioneer Street in Ashland, Oregon that received a Coronavirus-related PPP loan from the SBA of $5,495,700.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Oregon Shakespeare Festival Association in Ashland, OR received a Paycheck Protection Loan of $5.5M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 118 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 264.
Based on standard PPP eligibility rules, Oregon Shakespeare Festival Association's total 2019 payroll expenses were approximately $26.38M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 118 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Oregon Shakespeare Festival Association in Ashland, OR
15 S. Pioneer Street
Ashland, OR 97520
Theater Companies and Dinner Theaters (NAICS code 711110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-02
Similar Companies near Ashland
In the Ashland area, 4 businesses in the "Theater Companies and Dinner Theaters" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 118) and received an average PPP loan of $1,454,590 (compared to this company's $5.5M).
Similar Nearby Businesses Who Received PPP Funding:
Ashland Children's Theatre
Durant-Newton Enpterprises, Inc.
Oregon Cabaret Theatre, Inc.
Industry PPP Comparison Statistics
Nationwide, 4,100 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $414,044,745.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 86% lower than Oregon Shakespeare Festival Association's reported 118 employees, and received an average PPP loan of $100,987, 98% lower than this company's loan of $5.5M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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