PPP Loan Data — Northwest Group Inc, Tigard, OR
Northwest Group Inc is a corporation located at 7150 Sw Fir Loop, Northwest Group Inc in Tigard, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,791,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST REPUBLIC BANK
Northwest Group Inc received a Paycheck Protection Loan of $2.79M through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northwest Group Inc's total 2019 payroll expenses were approximately $13.4M 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 $26,795 per employee1.
Business Information - Northwest Group Inc in Tigard, OR
7150 Sw Fir Loop, Northwest Group Inc
Tigard, OR 97223
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: OR-01
Similar Companies near Tigard
In the Tigard area, 59 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 500) and received an average PPP loan of $191,394 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
Caro Madre Inc
Jalisco Rodriguez Inc.
SB Payroll Services, Inc.
Yens Chinese Restaurant Inc
Giant Gyros Mediterranean Food LLC
Verdant Enterprises, LLC
Pacific Breeze Inc
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 Northwest Group Inc's reported 500 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $2.79M.
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.
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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