JMR Group, LLC in Portland, OR - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — JMR Group, LLC, Portland, OR

JMR Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Used Car Dealers

Location: Portland, OR

JMR Group, LLC is a limited liability company (LLC) located at 9622 Ne Vancouver Way in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $3,437,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.44M

Jobs Retained:

200

Loan Approved:

2020-04-12

Lender:

UMPQUA BANK

JMR Group, LLC received a Paycheck Protection Loan of $3.44M through UMPQUA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, JMR Group, LLC's total 2019 payroll expenses were approximately $16.5M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $82,500 per employee¹.

Because the loan received by JMR Group, 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 - JMR Group, LLC in Portland, OR

JMR Group, LLC
9622 Ne Vancouver Way
Portland, OR 97211

Business Industry

Used Car Dealers (NAICS code 441120)

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 "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 200) and received an average PPP loan of $898,737 (compared to this company's $3.44M).

Similar Nearby Businesses Who Received PPP Funding:

Stolz Motors, LLC
Portland, OR

$3,194 PPP Loan

VIP Motors, LLC
Portland, OR

$32,300 PPP Loan

Trailer City Pdx, LLC
Portland, OR

$121,955 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 19,222 businesses in the "Used Car Dealers" industry received a total of $1,465,557,208.00 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 7 employees, 97% lower than JMR Group, LLC's reported 200 employees, and received an average PPP loan of $76,244, 98% lower than this company's loan of $3.44M.

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.

Search FederalPay's Full PPP Loan Database

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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