PPP Loan Data — JBC Limited, LLC, Portland, OR
JBC Limited, LLC is a limited liability company (LLC) located at 5240 Se 82nd Ave in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,350,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
JBC Limited, LLC in Portland, OR received a Paycheck Protection Loan of $2.35M through KeyBank 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, JBC Limited, LLC's 2019 payroll expenses are estimated to be at least $11.28M.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $42,566 per employee1
Reported PPP Proceed Usage:
On the PPP application, JBC Limited, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,350,000
Business Information - JBC Limited, LLC in Portland, OR
5240 Se 82nd Ave
Portland, OR 97266
Household Appliance Stores
NAICS code 443141
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 2 businesses in the "Household Appliance Stores" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 265) and received an average PPP loan of $1,181,145 (compared to this company's $2.35M).
Similar Nearby Businesses Who Received PPP Funding:
AG Distributing Inc
Oak Grove, OR
Industry PPP Comparison Statistics
Nationwide, 3,811 businesses in the "Household Appliance Stores" industry received a total of $291M 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 JBC Limited, LLC's reported 265 employees, and received an average PPP loan of $76,358, 97% lower than this company's loan of $2.35M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!