PPP Loan Data — Think Right Investments LLC, Sherwood, OR
Think Right Investments LLC is a limited liability company (LLC) located at 16189 Sw Holland Lane in Sherwood, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,202.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Think Right Investments LLC in Sherwood, OR received a Paycheck Protection Loan of $46,202 through WebBank, which was approved in May, 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 June, 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, Think Right Investments LLC's 2019 payroll expenses are estimated to be at least $221,770.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,177 per employee1
Reported PPP Proceed Usage:
On the PPP application, Think Right Investments LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,202
Business Information - Think Right Investments LLC in Sherwood, OR
16189 Sw Holland Lane
Sherwood, OR 97140
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sherwood
In the Sherwood area, 6 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 10) and received an average PPP loan of $32,861 (compared to this company's $46,202).
Similar Nearby Businesses Who Received PPP Funding:
503 Uncorked LLC
Generations Bar And Grill Inc
Tartan House LLC
Swenson's Upstairs, LLC
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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, 20% higher than Think Right Investments LLC's reported 10 employees, and received an average PPP loan of $59,863, 30% higher than this company's loan of $46,202.
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Footnotes & Information
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