PPP Loan Data — Tommy Hindmarsh, Portland, OR
Tommy Hindmarsh is a sole proprietorship located in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $24,825.00 in January, 2021.
The company has reported itself as a White male veteran owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tommy Hindmarsh in Portland, OR received a Paycheck Protection Loan of $24,825 through Umpqua Bank, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Tommy Hindmarsh reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,825
Business Information - Tommy Hindmarsh in Portland, OR
* Full address is redacted to protect the privacy of individuals.
NAICS code 541330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Portland
In the Portland area, 29 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $89,763 (compared to this company's $24,825).
Similar Nearby Businesses Who Received PPP Funding:
Walsh Consulting Group LLC
Columbia Green Technologies, Inc
Tross Operating Engineers LLC
Certa Building Solutions, Inc
DB Talak LLC
Munzing Structural Engineering, LLC
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 1200% higher than Tommy Hindmarsh's reported 1 employees, and received an average PPP loan of $194,873, 685% higher than this company's loan of $24,825.
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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