PPP Loan Data — Northwest Human Services Inc, Salem, OR
Northwest Human Services Inc is a non-profit organization located at 681 Center St Ne in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,946,117.00 in April, 2020.
$ PPP Loan Information Loan #5902587202
Loan Status:Ongoing Loan
Lender:People's Bank of Commerce
Northwest Human Services Inc in Salem, OR received a Paycheck Protection Loan of $2.95M through People's Bank of Commerce, which was approved in April, 2020.
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, Northwest Human Services Inc's 2019 payroll expenses are estimated to be at least $14.14M.
Based on their reported 228 jobs retained, this equals an estimated average yearly compensation of $62,024 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northwest Human Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,946,117
Business Information - Northwest Human Services Inc in Salem, OR
681 Center St Ne
Salem, OR 97301
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 13 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 228) and received an average PPP loan of $274,542 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
Precision Mental Performance
R Scott Babe MD LLC
Robert B. Kelly, MD PC
Clinica Medical Nuestra Senora De Guadalupe
Gilberto De Jesus-Rentas, MD, LLC
Cascade Family Care PC
Precision Mental Performance LLC
Haven Counseling Services, Inc
Industry PPP Comparison Statistics
Nationwide, 18,820 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,589,457,870.00 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 8 employees, 96% lower than Northwest Human Services Inc's reported 228 employees, and received an average PPP loan of $84,456, 97% lower than this company's loan of $2.95M.
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Footnotes & Information
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