PPP Loan Data — RTG Real Estate LLC, Portland, OR
RTG Real Estate LLC is a limited liability company (LLC) located at 808 Sw Alder St Ste 200 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $88,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST REPUBLIC BANK
RTG Real Estate LLC received a Paycheck Protection Loan of $88,100 through FIRST REPUBLIC BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, RTG Real Estate LLC's total 2019 payroll expenses were approximately $422,880 in order to qualify for the PPP loan amount received.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $70,480 per employee1.
Business Information - RTG Real Estate LLC in Portland, OR
808 Sw Alder St Ste 200
Portland, OR 97205
Lessors of Residential Buildings and Dwellings (NAICS code 531110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: OR-03
Similar Companies near Portland
In the Portland area, 4 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 6) and received an average PPP loan of $923,948 (compared to this company's $88,100).
Similar Nearby Businesses Who Received PPP Funding:
Guardian Real Estate Services LLC
Flavel Flats LLC
Industry PPP Comparison Statistics
Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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 8 employees, 33% higher than RTG Real Estate LLC's reported 6 employees, and received an average PPP loan of $80,929, 8% lower than this company's loan of $88,100.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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