CON-VEY, LLC
PPP Loan approved Apr 8, 2020 through Oregon Pacific Banking Company dba Oregon Pacific Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $704,100.00 | 73.5% |
| Utilities | $14,400.00 | 1.5% |
| Rent / Lease | $56,000.00 | 5.8% |
| Health Care | $183,600.00 | 19.2% |
About This Loan
CON-VEY, LLC received a PPP loan of $958,100 approved on Apr 8, 2020. 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 "new business or 2 years or less".
The business operates in the Manufacturing industry (NAICS 332710), part of the Manufacturing sector of the economy. The applicant reported 82 jobs as retained through this loan.
The SBA forgave $965,239.81 of this loan — 100.7% of the total approved amount, with forgiveness recorded on Jan 14, 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: $704,100 to payroll, $14,400 to utilities, $56,000 to rent or lease obligations, $183,600 to health care costs. The payroll component represents 73.5% 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.