PPP Loan Data — The Allison Inn & Spa LLC, Newberg, OR
The Allison Inn & Spa LLC is a limited liability company (LLC) located at 2525 E Allison Ln in Newberg, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,951,331.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
The Allison Inn & Spa LLC in Newberg, OR received a Paycheck Protection Loan of $1.95M through Cross River Bank, which was approved in June, 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, The Allison Inn & Spa LLC's 2019 payroll expenses are estimated to be at least $9.37M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $39,027 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Allison Inn & Spa LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,951,331
Business Information - The Allison Inn & Spa LLC in Newberg, OR
2525 E Allison Ln
Newberg, OR 97132
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Newberg
In the Newberg area, 14 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 240) and received an average PPP loan of $291,153 (compared to this company's $1.95M).
Similar Nearby Businesses Who Received PPP Funding:
The Allison Inn & Spa
Yogi Krupa LLC
North Plains, OR
Akshar Enterprises LLC
Pramukh Swami Hospitality SC LLC
PAC NW Structures LLC
Sante Hospitality LLC
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 90% lower than The Allison Inn & Spa LLC's reported 240 employees, and received an average PPP loan of $168,829, 91% lower than this company's loan of $1.95M.
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Footnotes & Information
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