PPP Loan Data — Izzy's Franchisor LLC, Portland, OR
Izzy's Franchisor LLC is a limited liability company (LLC) located at 7455 Sw Bridgeport Rd Ste 200 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,212.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Izzy's Franchisor LLC in Portland, OR received a Paycheck Protection Loan of $46,212 through JPMorgan Chase Bank, National Association, which was approved in April, 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
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, Izzy's Franchisor LLC's 2019 payroll expenses are estimated to be at least $221,818.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,364 per employee1
Reported PPP Proceed Usage:
On the PPP application, Izzy's Franchisor LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,057
- Rent: $9,155
Business Information - Izzy's Franchisor LLC in Portland, OR
7455 Sw Bridgeport Rd Ste 200
Portland, OR 97224
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 20 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $32,932 (compared to this company's $46,212).
Similar Nearby Businesses Who Received PPP Funding:
Cannon Management LLC
Grove Development, Inc
DRB Management, Inc
Curtis Caine Shirey
Karen's HR LLC
CXC Global USA Inc
Industry PPP Comparison Statistics
Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B 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 6 employees, 20% higher than Izzy's Franchisor LLC's reported 5 employees, and received an average PPP loan of $52,468, 14% higher than this company's loan of $46,212.
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Footnotes & Information
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