CON-VEY LLC

CON-VEY LLC received a PPP loan of $1,051,540 approved on Jan 28, 2021. The loan was originated by Oregon Pacific Banking Company dba Oregon Pacific Bank.

CON-VEY LLC is a limited liability company(llc) located in ROSEBURG, Oregon. At the time of the application, the business was described as "existing or more than 2 years old".

The business operates in the Manufacturing industry (NAICS 332710), part of the Manufacturing sector of the economy. The applicant reported 58 jobs as retained through this loan.

The SBA forgave $1,057,647.57 of this loan — 100.6% of the total approved amount, with forgiveness recorded on Sep 7, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.

According to the SBA's records, the proceeds of this loan were allocated as follows: $1,051,537 to payroll, $1 to utilities. 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 Oregon, visit the Oregon page. To compare this loan with others in the same industry, see the Manufacturing industry page.