PPP Loan Data — Multnomah University, Portland, OR
Multnomah University is a non-profit organization located at 8435 Ne Glisan St in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,897,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CRF Small Business Loan Company, LLC
Multnomah University in Portland, OR received a Paycheck Protection Loan of $1.9M through CRF Small Business Loan Company, LLC, 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 April, 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, Multnomah University's 2019 payroll expenses are estimated to be at least $9.11M.
Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $27,597 per employee1
Reported PPP Proceed Usage:
On the PPP application, Multnomah University reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,897,300
Business Information - Multnomah University in Portland, OR
8435 Ne Glisan St
Portland, OR 97220
Colleges, Universities, and Professional Schools
NAICS code 611310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,280 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $2.08B 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 76 employees, 77% lower than Multnomah University's reported 330 employees, and received an average PPP loan of $633,118, 67% lower than this company's loan of $1.9M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!