PPP Loan Data — Peter Shaw Bahen, Eugene, OR
Peter Shaw Bahen is a sole proprietorship located at 2387 West 11th Avenue in Eugene, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Peter Shaw Bahen in Eugene, OR received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in May, 2020.
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, Peter Shaw Bahen's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peter Shaw Bahen reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Peter Shaw Bahen in Eugene, OR
2387 West 11th Avenue
Eugene, OR 97402
Direct Property and Casualty Insurance Carriers
NAICS code 524126
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a total of $400.58M 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 6 employees, 100% higher than Peter Shaw Bahen's reported 3 employees, and received an average PPP loan of $70,450, 182% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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