PPP Loan Data — William T Sherbine, Bellevue, ID
William T Sherbine is a sole proprietorship located at 200 Baseline Road in Bellevue, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,330.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
William T Sherbine in Bellevue, ID received a Paycheck Protection Loan of $25,330 through First Interstate 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 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, William T Sherbine's 2019 payroll expenses are estimated to be at least $121,584.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,317 per employee1
Reported PPP Proceed Usage:
On the PPP application, William T Sherbine reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,330
Business Information - William T Sherbine in Bellevue, ID
200 Baseline Road
Bellevue, ID 83313
All Other Grain Farming
NAICS code 111199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 39,476 businesses in the "All Other Grain Farming" industry received a total of $778.27M 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 2 employees, 60% lower than William T Sherbine's reported 5 employees, and received an average PPP loan of $19,715, 22% lower than this company's loan of $25,330.
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Footnotes & Information
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