PPP Loan Data — Volunteers Of America Of Oregon, Inc, Portland, OR
Volunteers Of America Of Oregon, Inc is a non-profit organization located at 3910 Se Stark St in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,448,038.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Volunteers Of America Of Oregon, Inc in Portland, OR received a Paycheck Protection Loan of $2.45M through U.S. Bank, National Association, 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, Volunteers Of America Of Oregon, Inc's 2019 payroll expenses are estimated to be at least $11.75M.
Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $38,526 per employee1
Reported PPP Proceed Usage:
On the PPP application, Volunteers Of America Of Oregon, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,448,038
Business Information - Volunteers Of America Of Oregon, Inc in Portland, OR
3910 Se Stark St
Portland, OR 97214
Civic and Social Organizations
NAICS code 813410
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, 11 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 305) and received an average PPP loan of $379,916 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Oregon Student Public Interest Research Group Education Fund
Independent Publishing Resource Center
Partners For A Hunger-Free Oregon
Metropolitan Family Service, Inc
Oregon Rail Heritage Foundation
Industry PPP Comparison Statistics
Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 93% lower than Volunteers Of America Of Oregon, Inc's reported 305 employees, and received an average PPP loan of $140,085, 94% lower than this company's loan of $2.45M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!