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PPP Loan Data — Tower Of Health LLC, Portland, OR

ALERT: There are 2 PPP loans for a total of $237 in our database for businesses with the name "Tower Of Health LLC" in Portland, OR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Tower Of Health LLC
OR

Tower Of Health LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Portland, OR

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Tower Of Health LLC is a limited liability company (LLC) located in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $137.00 in March, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #9146408508

Loan Size:

$137

Jobs Retained:

1

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Tower Of Health LLC in Portland, OR received a Paycheck Protection Loan of $137 through Wells Fargo Bank, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Tower Of Health LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $135
  • Utilities: $1

Business Information - Tower Of Health LLC in Portland, OR

Tower Of Health LLC
Portland, OR
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Multnomah County, OR — SBA Office 1086 — Congressional District: OR-03

Similar Companies near Portland

In the Portland area, 10 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 1) and received an average PPP loan of $343,424 (compared to this company's $137).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 1000% higher than Tower Of Health LLC's reported 1 employees, and received an average PPP loan of $119,313, 86990% higher than this company's loan of $137.

SBA PPP loan data, payroll data, and salaries for Tower Of Health LLC
OR

Tower Of Health LLC

Entity: Limited Liability Company (LLC)

Industry: Other Individual and Family Services

Location: Portland, OR

Search All PPP Data

Tower Of Health LLC is a limited liability company (LLC) located in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $100.00 in May, 2020.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5033717800

Loan Size:

$100

Jobs Retained:

1

Loan Approved:

2020-05-29

Loan Status:

Paid in Full or Forgiven

Lender:

Celtic Bank Corporation

Tower Of Health LLC in Portland, OR received a Paycheck Protection Loan of $100 through Celtic Bank Corporation, which was approved in May, 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 September, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Tower Of Health LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $75
  • Utilities: $13
  • Mortgage Interest: $13

Business Information - Tower Of Health LLC in Portland, OR

Tower Of Health LLC
Portland, OR
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Individual and Family Services
NAICS code 624190

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Multnomah County, OR — SBA Office 1086 — Congressional District: OR-03

Similar Companies near Portland

In the Portland area, 9 businesses in the "Other Individual and Family 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 $72,083 (compared to this company's $100).

Industry PPP Comparison Statistics

Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 1500% higher than Tower Of Health LLC's reported 1 employees, and received an average PPP loan of $118,797, 118697% higher than this company's loan of $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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/tower-of-health-llc-portland-or