PPP Loan Data — Willow Drive Nursery Inc, Ephrata, WA
Willow Drive Nursery Inc is a corporation located at 3560 Road 5 Nw in Ephrata, Washington that received a Coronavirus-related PPP loan from the SBA of $1,616,159.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 137 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Willow Drive Nursery Inc in Ephrata, WA received a Paycheck Protection Loan of $1.62M through KeyBank National Association, which was approved in April, 2020.
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, Willow Drive Nursery Inc's 2019 payroll expenses are estimated to be at least $7.76M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $56,625 per employee1
Reported PPP Proceed Usage:
On the PPP application, Willow Drive Nursery Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,616,159
Business Information - Willow Drive Nursery Inc in Ephrata, WA
3560 Road 5 Nw
Ephrata, WA 98823
Nursery, Garden Center, and Farm Supply Stores
NAICS code 444220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ephrata
In the Ephrata area, 2 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 137) and received an average PPP loan of $818,680 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Hale's Farm And Feed LLC
Industry PPP Comparison Statistics
Nationwide, 7,240 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $689.88M 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 14 employees, 90% lower than Willow Drive Nursery Inc's reported 137 employees, and received an average PPP loan of $95,287, 94% lower than this company's loan of $1.62M.
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Footnotes & Information
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