PPP Loan Data — KBF CPAs LLP, Portland, OR
KBF CPAs LLP is a limited liability partnership located at 111 Sw 5th Ave Ste 1850 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,642,034.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
KBF CPAs LLP in Portland, OR received a Paycheck Protection Loan of $1.64M through Bank of America, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, KBF CPAs LLP's 2019 payroll expenses are estimated to be at least $7.88M.
Based on their reported 87 jobs retained, this equals an estimated average yearly compensation of $90,595 per employee1
Reported PPP Proceed Usage:
On the PPP application, KBF CPAs LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,642,034
Business Information - KBF CPAs LLP in Portland, OR
111 Sw 5th Ave Ste 1850
Portland, OR 97204
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 18 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 87) and received an average PPP loan of $532,206 (compared to this company's $1.64M).
Similar Nearby Businesses Who Received PPP Funding:
Perkins & Company PC
Mary E. Perkins CPA PC
Carter Adams Tax & Financial Services,
Left Coast Accounting Inc
Jack W Olds & Company LLP
Mcdonald Jacobs P C
Geffen Mesher & Company
Bruce P Frederick CPA PC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 93% lower than KBF CPAs LLP's reported 87 employees, and received an average PPP loan of $73,772, 96% lower than this company's loan of $1.64M.
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Footnotes & Information
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