PPP Loan Data — Shopine Systems, LLC, Pinehurst, ID
Shopine Systems, LLC
Entity: Limited Liability Company (LLC)
Location: Pinehurst, IDTweet This • Search All PPP Data
Shopine Systems, LLC is a limited liability company (LLC) located at 901 N Division St in Pinehurst, Idaho that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
Shopine Systems, LLC in Pinehurst, ID received a Paycheck Protection Loan of $46,200 through Washington Trust Bank, 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, Shopine Systems, LLC's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,784 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shopine Systems, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Shopine Systems, LLC in Pinehurst, ID
901 N Division St
Pinehurst, ID 83850
Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors
NAICS code 926150
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 591 businesses in the "Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors" industry received a total of $41.54M 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, 60% lower than Shopine Systems, LLC's reported 15 employees, and received an average PPP loan of $70,282, 52% higher than this company's loan of $46,200.
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Footnotes & Information
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