PPP Loan Data — Priest Cabinets, Inc, Portland, OR
Priest Cabinets, Inc is a corporation located at 14827 Se River Rd in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,070.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:OnPoint Community CU
Priest Cabinets, Inc in Portland, OR received a Paycheck Protection Loan of $25,070 through OnPoint Community CU, 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, Priest Cabinets, Inc's 2019 payroll expenses are estimated to be at least $120,336.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,112 per employee1
Reported PPP Proceed Usage:
On the PPP application, Priest Cabinets, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,070
Business Information - Priest Cabinets, Inc in Portland, OR
14827 Se River Rd
Portland, OR 97267
Wood Kitchen Cabinet and Countertop Manufacturing
NAICS code 337110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,392 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a total of $903.5M 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 11 employees, 267% higher than Priest Cabinets, Inc's reported 3 employees, and received an average PPP loan of $96,199, 284% higher than this company's loan of $25,070.
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Footnotes & Information
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