PPP Loan Data — Collegenet Inc., Portland, OR
Collegenet Inc. is a corporation located at 805 Sw Broadway in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,408,000.00 in April, 2020.
$ PPP Loan Information
Collegenet Inc. in Portland, OR received a Paycheck Protection Loan of $3.41M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Collegenet Inc.'s total 2019 payroll expenses were approximately $16.36M in order to qualify for the PPP loan amount received.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $98,545 per employee1.
Business Information - Collegenet Inc. in Portland, OR
805 Sw Broadway
Portland, OR 97205
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-03
Similar Companies near Portland
In the Portland area, 24 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 166) and received an average PPP loan of $490,353 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Ryan Smith, LLC
Paulette Carter Design, Inc
National Payment Systems LLC
Mass Ingenuity Inc,
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 93% lower than Collegenet Inc.'s reported 166 employees, and received an average PPP loan of $200,633, 94% lower than this company's loan of $3.41M.
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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