PPP Loan Data — Western Fishing Adventures, LTD, Mill City, OR
Western Fishing Adventures, LTD is a limited liability company (LLC) located at 1087 Sw Spring St in Mill City, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,238.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:OnPoint Community CU
Western Fishing Adventures, LTD in Mill City, OR received a Paycheck Protection Loan of $25,238 through OnPoint Community CU, 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 January, 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, Western Fishing Adventures, LTD's 2019 payroll expenses are estimated to be at least $121,142.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Fishing Adventures, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,238
Business Information - Western Fishing Adventures, LTD in Mill City, OR
1087 Sw Spring St
Mill City, OR 97360
All Other Amusement and Recreation Industries
NAICS code 713990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Mill City
In the Mill City area, 2 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $14,347 (compared to this company's $25,238).
Similar Nearby Businesses Who Received PPP Funding:
Amerman Salmon Eggs And Guide Service
Industry PPP Comparison Statistics
Nationwide, 26,511 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $1.46B 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 Western Fishing Adventures, LTD's reported 2 employees, and received an average PPP loan of $55,179, 119% higher than this company's loan of $25,238.
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Footnotes & Information
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