RYAN SAXE
PPP Loan approved Apr 8, 2021 through Benworth Capital
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $20,833.00 | 100.0% |
About This Loan
RYAN SAXE received a PPP loan of $20,833 approved on Apr 8, 2021. The loan was originated by Benworth Capital.
RYAN SAXE is a sole proprietorship located in CULLODEN, West Virginia. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Specialized Design Services industry (NAICS 541430), part of the Professional, Scientific, and Technical Services sector of the economy. The applicant reported 1 job as retained through this loan.
No forgiveness has been recorded for this loan in the SBA's September 2024 data release. Possible explanations include: the borrower chose to repay rather than apply for forgiveness; the forgiveness application was denied; the loan was still in repayment status at the time of the data freeze; or the borrower defaulted, leading to a charge-off.
According to the SBA's records, the proceeds of this loan were allocated as follows: $20,833 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in West Virginia, visit the West Virginia page. To compare this loan with others in the same industry, see the Specialized Design Services industry page.