PPP Loan Data — Pacific Home Inspections Inc, West Linn, OR
Pacific Home Inspections Inc is a corporation located at 19818 Sw Stafford Road in West Linn, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,007.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Pacific Home Inspections Inc in West Linn, OR received a Paycheck Protection Loan of $25,007 through Kabbage, Inc., which was approved in June, 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, Pacific Home Inspections Inc's 2019 payroll expenses are estimated to be at least $120,034.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,011 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Home Inspections Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,007
Business Information - Pacific Home Inspections Inc in West Linn, OR
19818 Sw Stafford Road
West Linn, OR 97068
Building Inspection Services
NAICS code 541350
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near West Linn
In the West Linn area, 2 businesses in the "Building Inspection Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $17,004 (compared to this company's $25,007).
Similar Nearby Businesses Who Received PPP Funding:
Wall-To-Wall Home Inspections, LLC
West Linn, OR
Industry PPP Comparison Statistics
Nationwide, 7,232 businesses in the "Building Inspection Services" industry received a total of $263.82M 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 4 employees, 33% higher than Pacific Home Inspections Inc's reported 3 employees, and received an average PPP loan of $36,480, 46% higher than this company's loan of $25,007.
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Footnotes & Information
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