PPP Loan Data — Outdoor Venture Corporation, Stearns, KY
Outdoor Venture Corporation is a subchapter s corporation located at 30 Venture Dr in Stearns, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,925,105.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 320 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Outdoor Venture Corporation in Stearns, KY received a Paycheck Protection Loan of $1.93M through UBank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Outdoor Venture Corporation's 2019 payroll expenses are estimated to be at least $9.24M.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $28,877 per employee1
Reported PPP Proceed Usage:
On the PPP application, Outdoor Venture Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,925,105
Business Information - Outdoor Venture Corporation in Stearns, KY
30 Venture Dr
Stearns, KY 42647
Textile Bag and Canvas Mills
NAICS code 314910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 961 businesses in the "Textile Bag and Canvas Mills" industry received a total of $126M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 15 employees, 95% lower than Outdoor Venture Corporation's reported 320 employees, and received an average PPP loan of $131,115, 93% lower than this company's loan of $1.93M.
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Footnotes & Information
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