PPP Loan Data — Perlo Structures LLC, Tualatin, OR
Perlo Structures LLC
Entity: Limited Liability Company (LLC)
Location: Tualatin, ORTweet This • Search All PPP Data
Perlo Structures LLC is a limited liability company (LLC) located at 11450 Sw Amu St in Tualatin, Oregon that received a Coronavirus-related PPP loan from the SBA of $4,271,350.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Perlo Structures LLC in Tualatin, OR received a Paycheck Protection Loan of $4.27M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 200 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 205.
Based on standard PPP eligibility rules, Perlo Structures LLC's total 2019 payroll expenses were approximately $20.5M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 200 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Perlo Structures LLC in Tualatin, OR
11450 Sw Amu St
Tualatin, OR 97062
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: OR-01
Similar Companies near Tualatin
In the Tualatin area, 10 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 200) and received an average PPP loan of $927,898 (compared to this company's $4.27M).
Similar Nearby Businesses Who Received PPP Funding:
R A Gray Construction, LLC
Tygh Valley, OR
Gary Fiorante Trucking Inc
Cameron's Installations, Inc.
Rogers Administration Inc
Perlo Construction LLC
Russell Construction Inc
Russell Group LLC
Emerick Construction Company
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 94% lower than Perlo Structures LLC's reported 200 employees, and received an average PPP loan of $203,235, 95% lower than this company's loan of $4.27M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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