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PPP Loan Data — Mcmenamins's, Inc.,
Portland, OR
Mcmenamins's, Inc.
Entity: Corporation
Industry: Full-Service Restaurants
Location: Portland, OR
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Mcmenamins's, Inc. is a corporation located at 430 N. Killingsworth St in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-07Lender:
HOMESTREET BANKMcmenamins's, Inc. in Portland, OR received a Paycheck Protection Loan of $10M through HOMESTREET BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mcmenamins's, Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Mcmenamins's, Inc. in Portland, OR
430 N. Killingsworth St
Portland, OR 97217
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: OR-03Similar Companies near Portland
In the Portland area, 61 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 500) and received an average PPP loan of $234,626 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
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Gluth
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Pho Kim, LLC
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Posies Cafe LLC
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TR & Gr Inc.
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Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Mcmenamins's, Inc.'s reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $10M.
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, and is published unmodified, as provided by the SBA.
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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