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PPP Loan Data — Deacon Construction, LLC, Portland, OR

SBA PPP loan data, payroll data, and salaries for Deacon Construction, LLC
OR

Deacon Construction, LLC

Entity: Limited Liability Company (LLC)

Industry: New Multifamily Housing Construction (except For-Sale Builders)

Location: Portland, OR

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Deacon Construction, LLC is a limited liability company (LLC) located at 901 Ne Glisan Street, Suite 100 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $6,552,863.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.55M

Jobs Retained:

315

Loan Approved:

2020-04-14

Lender:

BANK OF THE WEST

Deacon Construction, LLC in Portland, OR received a Paycheck Protection Loan of $6.55M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Deacon Construction, LLC's total 2019 payroll expenses were approximately $31.45M in order to qualify for the PPP loan amount received.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $99,853 per employee1.

Because the loan received by Deacon Construction, LLC 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 - Deacon Construction, LLC in Portland, OR

Deacon Construction, LLC
901 Ne Glisan Street, Suite 100
Portland, OR 97232

Business Industry

New Multifamily Housing Construction (except For-Sale Builders) (NAICS code 236116)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OR-03

Similar Companies near Portland

In the Portland area, 4 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 315) and received an average PPP loan of $1,668,262 (compared to this company's $6.55M).

Industry PPP Comparison Statistics

Nationwide, 7,088 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $764,634,216.00 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 8 employees, 97% lower than Deacon Construction, LLC's reported 315 employees, and received an average PPP loan of $107,877, 98% lower than this company's loan of $6.55M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/deacon-construction-llc-portland-or