PPP Loan Data — C&R Real Estate Services, Co, Portland, OR
C&R Real Estate Services, Co is a corporation located at 9400 Sw Barnes Rd Ste 400 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,497,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
C&R Real Estate Services, Co in Portland, OR received a Paycheck Protection Loan of $2.5M through Northwest Bank, which was approved in April, 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 June, 2021.
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, C&R Real Estate Services, Co's 2019 payroll expenses are estimated to be at least $11.99M.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $37,938 per employee1
Reported PPP Proceed Usage:
On the PPP application, C&R Real Estate Services, Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,497,600
Business Information - C&R Real Estate Services, Co in Portland, OR
9400 Sw Barnes Rd Ste 400
Portland, OR 97225
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 14 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 316) and received an average PPP loan of $450,975 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Jamar Pacific Inc
Heather Brymer, LLC
An Agent Driven Enterprise, LLC
An Oregon Experience, LLC
Passadore Properties Inc
Tandem Property Management, Inc
ROB Bates Framing Inc
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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, 97% lower than C&R Real Estate Services, Co's reported 316 employees, and received an average PPP loan of $83,394, 97% lower than this company's loan of $2.5M.
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Footnotes & Information
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