PPP Loan Data — Tulu LLC, Beaverton, OR
Tulu LLC is a limited liability company (LLC) located at 12205 Sw 12 Street in Beaverton, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:OnPoint Community CU
Tulu LLC in Beaverton, OR received a Paycheck Protection Loan of $25,000 through OnPoint Community CU, 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 May, 2021.
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, Tulu LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tulu LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Tulu LLC in Beaverton, OR
12205 Sw 12 Street
Beaverton, OR 97005
Other Residential Care Facilities
NAICS code 623990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Beaverton
In the Beaverton area, 4 businesses in the "Other Residential Care Facilities" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $22,736 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Crystal Care Afh LLC
Angel Of Care Afh LLC
Industry PPP Comparison Statistics
Nationwide, 4,850 businesses in the "Other Residential Care Facilities" industry received a total of $891.17M 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 26 employees, 550% higher than Tulu LLC's reported 4 employees, and received an average PPP loan of $183,746, 635% higher than this company's loan of $25,000.
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Footnotes & Information
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