PPP Loan Data — Premier Mortgage Resources, LLC, Portland, OR
Premier Mortgage Resources, LLC is a limited liability company (LLC) located at 1325 Nw Flanders Street in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,897,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 213 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST FEDERAL SAVINGS BANK OF TWIN FALLS
Premier Mortgage Resources, LLC in Portland, OR received a Paycheck Protection Loan of $2.9M through FIRST FEDERAL SAVINGS BANK OF TWIN FALLS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Premier Mortgage Resources, LLC's total 2019 payroll expenses were approximately $13.91M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $65,285 per employee1.
Business Information - Premier Mortgage Resources, LLC in Portland, OR
1325 Nw Flanders Street
Portland, OR 97209
Mortgage and Nonmortgage Loan Brokers (NAICS code 522310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: OR-01
Similar Companies near Portland
In the Portland area, 3 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 213) and received an average PPP loan of $972,395 (compared to this company's $2.9M).
Similar Nearby Businesses Who Received PPP Funding:
Plum Tree Mortgage, Inc.
Principal Mortgage Group
Industry PPP Comparison Statistics
Nationwide, 4,330 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $593,727,712.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 96% lower than Premier Mortgage Resources, LLC's reported 213 employees, and received an average PPP loan of $137,120, 95% lower than this company's loan of $2.9M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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