PPP Loan Data — Northwest Primary Care Group, PC, Portland, OR
Northwest Primary Care Group, PC
Location: Portland, ORTweet This • Search All PPP Data
Northwest Primary Care Group, PC is a corporation located at 12300 Se Mallard Way in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,409,460.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Northwest Primary Care Group, PC in Portland, OR received a Paycheck Protection Loan of $2.41M through Banner Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 Primary Care Group, PC's 2019 payroll expenses are estimated to be at least $11.57M.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $71,835 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northwest Primary Care Group, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,168,514
- Rent: $240,946
Business Information - Northwest Primary Care Group, PC in Portland, OR
12300 Se Mallard Way
Portland, OR 97222
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 67 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 161) and received an average PPP loan of $247,555 (compared to this company's $2.41M).
Similar Nearby Businesses Who Received PPP Funding:
Geoffrey Baum D. O
Pacific Northwest Consulting, LLC
Matthew T A Sugalski, MD, PC
Northwest Direct Care LLC
Westside Sleep Center
Northwest Regenerative Orthopedics, LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 93% lower than Northwest Primary Care Group, PC's reported 161 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.41M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!