PPP Loan Data — Our Place Products LLC, Portland, OR
Our Place Products LLC is a limited liability company (LLC) located at 1327 Se Tacoma St in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,367.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Our Place Products LLC in Portland, OR received a Paycheck Protection Loan of $25,367 through JPMorgan Chase Bank, 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, Our Place Products LLC's 2019 payroll expenses are estimated to be at least $121,762.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,587 per employee1
Reported PPP Proceed Usage:
On the PPP application, Our Place Products LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,608
- Utilities: $1,600
- Health Care: $4,159
Business Information - Our Place Products LLC in Portland, OR
1327 Se Tacoma St
Portland, OR 97202
Motion Picture and Video Distribution
NAICS code 512120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,334 businesses in the "Motion Picture and Video Distribution" industry received a total of $99.08M 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 6 employees, 100% higher than Our Place Products LLC's reported 3 employees, and received an average PPP loan of $42,450, 67% higher than this company's loan of $25,367.
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Footnotes & Information
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