Alta Planning + Design, Inc in Portland, OR - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Alta Planning + Design, Inc, Portland, OR

Alta Planning + Design, Inc

Entity: Corporation

Industry: Architectural Services

Location: Portland, OR

Alta Planning + Design, Inc is a corporation located at 711 Se Grand Ave in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in May, 2020.

$ PPP Loan Information
Loan #8507817301

Loan Size:

$3M

Jobs Retained:

196

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of the West

Alta Planning + Design, Inc in Portland, OR received a Paycheck Protection Loan of $3M through Bank of the West, which was approved in May, 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, Alta Planning + Design, Inc's 2019 payroll expenses are estimated to be at least $14.4M.

Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $73,469 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Alta Planning + Design, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,000,000

Because the loan received by Alta Planning + Design, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Alta Planning + Design, Inc in Portland, OR

Alta Planning + Design, Inc
711 Se Grand Ave
Portland, OR 97214

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Multnomah County, OR — SBA Office 1086 — Congressional District: OR-03

Similar Companies near Portland

In the Portland area, 54 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 196) and received an average PPP loan of $154,550 (compared to this company's $3M).

Similar Nearby Businesses Who Received PPP Funding:

Works Partnership Architecture LLP
Portland, OR

$346,068 PPP Loan

Michael Flowers Architect, Inc
Portland, OR

$27,700 PPP Loan

Joseph Bashaw Architecture
Portland, OR

$11,932 PPP Loan

Anne Niedergang
Portland, OR

$1,833 PPP Loan

Christopher Dorin
Portland, OR

$4,700 PPP Loan

Propel Studio Architecture, Inc
Portland, OR

$26,200 PPP Loan

Anderson Dabrowski Architects, LLC
Portland, OR

$155,000 PPP Loan

Leeka Inc
Portland, OR

$12,000 PPP Loan

Chad Kregg Hanson, LLC
Portland, OR

$18,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 28,759 businesses in the "Architectural Services" industry received a total of $3.75B 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 9 employees, 95% lower than Alta Planning + Design, Inc's reported 196 employees, and received an average PPP loan of $130,352, 96% lower than this company's loan of $3M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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