PPP Loan Data — Viridian Management, Enterprise, OR
Viridian Management is a corporation located at 107 Sw 1st St in Enterprise, Oregon that received a Coronavirus-related PPP loan from the SBA of $1,736,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
Viridian Management in Enterprise, OR received a Paycheck Protection Loan of $1.74M through Washington Trust Bank, which was approved in April, 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, Viridian Management's 2019 payroll expenses are estimated to be at least $8.33M.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $37,204 per employee1
Reported PPP Proceed Usage:
On the PPP application, Viridian Management reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,736,200
Business Information - Viridian Management in Enterprise, OR
107 Sw 1st St
Enterprise, OR 97828
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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 9 employees, 96% lower than Viridian Management's reported 224 employees, and received an average PPP loan of $83,394, 95% lower than this company's loan of $1.74M.
FederalPay's PPP Information Policy
Footnotes & Information
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