PPP Loan Data — Baxter Auto Parts, Inc, Portland, OR
Baxter Auto Parts, Inc is a corporation located at 9444 N Whitaker Road in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,750,040.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Baxter Auto Parts, Inc in Portland, OR received a Paycheck Protection Loan of $1.75M through KeyBank National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Baxter Auto Parts, Inc's 2019 payroll expenses are estimated to be at least $8.4M.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $34,427 per employee1
Reported PPP Proceed Usage:
On the PPP application, Baxter Auto Parts, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,750,040
Business Information - Baxter Auto Parts, Inc in Portland, OR
9444 N Whitaker Road
Portland, OR 97217
Automotive Parts and Accessories Stores
NAICS code 441310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 8 businesses in the "Automotive Parts and Accessories Stores" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 244) and received an average PPP loan of $230,055 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
Rose City Sunroofs
County Rove LLC
Liftparts Of Oregon Inc
Liftparts Of Oregon
KJD Audio LLC
Industry PPP Comparison Statistics
Nationwide, 17,983 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $1.2B 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 8 employees, 97% lower than Baxter Auto Parts, Inc's reported 244 employees, and received an average PPP loan of $66,454, 96% lower than this company's loan of $1.75M.
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Footnotes & Information
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