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PPP Loan Data — Evanwood Inc,
Portland, OR
Evanwood Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Portland, OR
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Evanwood Inc is a corporation located at 9225 Se Allen Blvd in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $53,889.00 in January, 2021.
$ PPP Loan Information Loan #5576798304
Loan Size:
Jobs Retained:
15Loan Approved:
2021-01-25Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationEvanwood Inc in Portland, OR received a Paycheck Protection Loan of $53,889 through Wells Fargo Bank, National Association, which was approved in January, 2021.
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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Evanwood Inc's 2019 payroll expenses are estimated to be at least $258,667.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $17,244 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evanwood Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $53,887
- Utilities: $1
Business Information - Evanwood Inc in Portland, OR
9225 Se Allen Blvd
Portland, OR 97223
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 120 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 15) and received an average PPP loan of $172,020 (compared to this company's $53,889).
Similar Nearby Businesses Who Received PPP Funding:
Yoon Enterprises,Inc
Milwaukie, OR
Creatures Of Habit Cafe LLC
Tigard, OR
Sushi Hana
Tigard, OR
The Table Times Inc
Milwaukie, OR
Kwang Chow Restaurant
Milwaukie, OR
Bugattis Inc
Milwaukie, OR
Hong Kong 97 King Road , Inc
Portland, OR
Two Beets LLC
Portland, OR
K-Hill & Sun LLC
Portland, OR
Industry PPP Comparison Statistics
Nationwide, 309,041 businesses in the "Full-Service Restaurants" industry received a total of $40,925,043,285.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 53% higher than Evanwood Inc's reported 15 employees, and received an average PPP loan of $132,426, 146% higher than this company's loan of $53,889.
Evanwood Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Portland, OR
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•
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Evanwood Inc is a corporation located at 9225 Sw Allen Blvd. in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $38,500.00 in June, 2020.
$ PPP Loan Information Loan #7262137904
Loan Size:
Jobs Retained:
13Loan Approved:
2020-06-17Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationEvanwood Inc in Portland, OR received a Paycheck Protection Loan of $38,500 through Wells Fargo Bank, National Association, which was approved in June, 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Evanwood Inc's 2019 payroll expenses are estimated to be at least $184,800.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $14,215 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evanwood Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,500
Business Information - Evanwood Inc in Portland, OR
9225 Sw Allen Blvd.
Portland, OR 97223
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 120 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 13) and received an average PPP loan of $172,020 (compared to this company's $38,500).
Similar Nearby Businesses Who Received PPP Funding:
Yoon Enterprises,Inc
Milwaukie, OR
Creatures Of Habit Cafe LLC
Tigard, OR
Sushi Hana
Tigard, OR
The Table Times Inc
Milwaukie, OR
Kwang Chow Restaurant
Milwaukie, OR
Bugattis Inc
Milwaukie, OR
Hong Kong 97 King Road , Inc
Portland, OR
Two Beets LLC
Portland, OR
K-Hill & Sun LLC
Portland, OR
Industry PPP Comparison Statistics
Nationwide, 309,041 businesses in the "Full-Service Restaurants" industry received a total of $40,925,043,285.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 77% higher than Evanwood Inc's reported 13 employees, and received an average PPP loan of $132,426, 244% higher than this company's loan of $38,500.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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