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PPP Loan Data — NWR Construction Inc,
Portland, OR
NWR Construction Inc
Entity: Corporation
Industry: Commercial and Institutional Building Construction
Location: Portland, OR
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NWR Construction Inc is a corporation located at 4637 Se 27th Ave in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $10,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
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PPP Loan Information
Loan #7605218402
Loan Size:
Jobs Retained:
2Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
Umpqua BankNWR Construction Inc in Portland, OR received a Paycheck Protection Loan of $10,000 through Umpqua Bank, which was approved in February, 2021.
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 March, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, NWR Construction Inc's 2019 payroll expenses are estimated to be at least $48,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, NWR Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000
Business Information - NWR Construction Inc in Portland, OR
4637 Se 27th Ave
Portland, OR 97202
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 18 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 2) and received an average PPP loan of $631,141 (compared to this company's $10,000).
Similar Nearby Businesses Who Received PPP Funding:
Ventus Enterprise
Portland, OR
Macleod Construction LLC
Portland, OR
Lorentz Bruun Company Inc
Portland, OR
Albright LLC
Portland, OR
MPI America LLC
Portland, OR
RDF Builders, Co
Portland, OR
Boyl & Ames Inc
Portland, OR
Circulation Construction Co
Portland, OR
Affordable Restaurant Hoods Sales And Installation Inc
Portland, OR
Industry PPP Comparison Statistics
Nationwide, 77,367 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 500% higher than NWR Construction Inc's reported 2 employees, and received an average PPP loan of $159,913, 1499% higher than this company's loan of $10,000.
NWR Construction, Inc
Entity: Corporation
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Portland, OR
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•
Search All PPP Data
NWR Construction, Inc is a corporation located at 4637 Se 27th Ave in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $10,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #5017467002
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
Umpqua BankNWR Construction, Inc in Portland, OR received a Paycheck Protection Loan of $10,000 through Umpqua Bank, 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, NWR Construction, Inc's 2019 payroll expenses are estimated to be at least $48,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, NWR Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000
Business Information - NWR Construction, Inc in Portland, OR
4637 Se 27th Ave
Portland, OR 97202
Business Industry:
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 27 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $45,955 (compared to this company's $10,000).
Similar Nearby Businesses Who Received PPP Funding:
Alex Alonso
Portland, OR
Marquam Asset Management LLC
Portland, OR
Upright Properties LLC
Portland, OR
Caperry Construction Corp
Portland, OR
ALI AL-Mejren
Portland, OR
PDX Living, LLC
Portland, OR
Ronald Harris
Portland, OR
Doug Wilson All Remodeling Construction
Portland, OR
Industry PPP Comparison Statistics
Nationwide, 125,393 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than NWR Construction, Inc's reported 2 employees, and received an average PPP loan of $45,498, 355% higher than this company's loan of $10,000.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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