PPP Loan Data — Phoenix Industries Inc, Bellevue, ID
Phoenix Industries Inc
Location: Bellevue, IDTweet This • Search All PPP Data
Phoenix Industries Inc is a corporation located at 201 N Main St in Bellevue, Idaho that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Federal Savings Bank of Twin Falls
Phoenix Industries Inc in Bellevue, ID received a Paycheck Protection Loan of $24,900 through First Federal Savings Bank of Twin Falls, which was approved in April, 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, Phoenix Industries Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phoenix Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Phoenix Industries Inc in Bellevue, ID
201 N Main St
Bellevue, ID 83313
All Other Miscellaneous Wood Product Manufacturing
NAICS code 321999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,544 businesses in the "All Other Miscellaneous Wood Product Manufacturing" industry received a total of $509.29M 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 12 employees, 500% higher than Phoenix Industries Inc's reported 2 employees, and received an average PPP loan of $112,080, 350% higher than this company's loan of $24,900.
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Footnotes & Information
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