PPP Loan Data — Visualworks, Portland, OR
Visualworks is a sole proprietorship located in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fountainhead SBF LLC
Visualworks in Portland, OR received a Paycheck Protection Loan of $25,000 through Fountainhead SBF LLC, which was approved in April, 2020.
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, Visualworks reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Visualworks in Portland, OR
* Full address is redacted to protect the privacy of individuals.
Motion Picture and Video Production
NAICS code 512110
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, 28 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $19,461 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Monty Benton III
Boxcar Assembly LLC
Way Up West LLC
Needem Productions Inc
Clint Beastwood LLC
Nocturnal Uniform Productions
Industry PPP Comparison Statistics
Nationwide, 30,192 businesses in the "Motion Picture and Video Production" industry received a total of $1.32B 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 4 employees, 300% higher than Visualworks' reported 1 employees, and received an average PPP loan of $43,645, 75% higher than this company's loan of $25,000.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!