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PPP Loan Data — Cascade Energy, Inc.,
Portland, OR
Cascade Energy, Inc.
Entity: Subchapter S Corporation
Industry: Other Scientific and Technical Consulting Services
Location: Portland, OR
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Cascade Energy, Inc. is a subchapter s corporation located at 123 Ne 3rd Ave in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,309,427.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
169Loan Approved:
2020-04-05Lender:
BAKER BOYER NATIONAL BANKCascade Energy, Inc. in Portland, OR received a Paycheck Protection Loan of $3.31M through BAKER BOYER NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cascade Energy, Inc.'s total 2019 payroll expenses were approximately $15.89M in order to qualify for the PPP loan amount received.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $93,996 per employee1.
Business Information - Cascade Energy, Inc. in Portland, OR
123 Ne 3rd Ave
Portland, OR 97232
Business Industry
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OR-03Similar Companies near Portland
In the Portland area, 8 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 169) and received an average PPP loan of $488,536 (compared to this company's $3.31M).
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Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 96% lower than Cascade Energy, Inc.'s reported 169 employees, and received an average PPP loan of $104,882, 97% lower than this company's loan of $3.31M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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