PPP Loan Data — The Learning Internet Inc, Portland, OR
The Learning Internet Inc is a corporation located at 1620 Sw Taylor Street Suite 100 in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,784,717.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Silicon Valley Bank
The Learning Internet Inc in Portland, OR received a Paycheck Protection Loan of $1.78M through Silicon Valley Bank, which was approved in April, 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 November, 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, The Learning Internet Inc's 2019 payroll expenses are estimated to be at least $8.57M.
Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $25,196 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Learning Internet Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,784,717
Business Information - The Learning Internet Inc in Portland, OR
1620 Sw Taylor Street Suite 100
Portland, OR 97205
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 36 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 340) and received an average PPP loan of $370,127 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
National Payment Systems LLC
Affinity Web Development LLC
Cloud Four, Inc
Lithic Technology LLC
Jacks Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 10 employees, 97% lower than The Learning Internet Inc's reported 340 employees, and received an average PPP loan of $153,857, 91% lower than this company's loan of $1.78M.
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Footnotes & Information
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