PPP Loan Data — Oddball Shoe Co, LLC, Portland, OR
Oddball Shoe Co, LLC is a limited liability company (LLC) located at 1801 Nw Thurman St in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,404.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Oddball Shoe Co, LLC in Portland, OR received a Paycheck Protection Loan of $25,404 through Bank of America, National Association, which was approved in May, 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, Oddball Shoe Co, LLC's 2019 payroll expenses are estimated to be at least $121,939.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,970 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oddball Shoe Co, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,404
Business Information - Oddball Shoe Co, LLC in Portland, OR
1801 Nw Thurman St
Portland, OR 97209
Footwear and Leather Goods Repair
NAICS code 811430
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,993 businesses in the "Footwear and Leather Goods Repair" industry received a total of $36.14M 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 2 employees, the same amount reported by Oddball Shoe Co, LLC and received an average PPP loan of $18,134, 29% lower than this company's loan of $25,404.
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Footnotes & Information
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