PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Wirs Real Estate Consultants LLC, West Linn, OR

ALERT: There are 2 PPP loans for a total of $87,704 in our database for businesses with the name "Wirs Real Estate Consultants LLC" in West Linn, 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 Wirs Real Estate Consultants LLC
OR

Wirs Real Estate Consultants LLC

Entity: Limited Liability Partnership

Industry: Real Estate Credit

Location: West Linn, OR

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Wirs Real Estate Consultants LLC is a limited liability partnership located at 22744 Sw Ulsky Rd in West Linn, Oregon that received a Coronavirus-related PPP loan from the SBA of $41,667.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #9853668308

Loan Size:

$41,667

Jobs Retained:

2

Loan Approved:

2021-01-31

Loan Status:

Ongoing Loan

Lender:

First Bank of the Lake

Wirs Real Estate Consultants LLC in West Linn, OR received a Paycheck Protection Loan of $41,667 through First Bank of the Lake, which was approved in January, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Wirs Real Estate Consultants LLC's 2019 payroll expenses are estimated to be at least $200,002 (not accounting for salary amounts > $100k).

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $100,001 (not accounting for salary amounts > $100k) per employee1

Reported PPP Proceed Usage:

On the PPP application, Wirs Real Estate Consultants LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $41,665
  • Utilities: $1

Business Information - Wirs Real Estate Consultants LLC in West Linn, OR

Wirs Real Estate Consultants LLC
22744 Sw Ulsky Rd
West Linn, OR 97068

Business Industry:
Real Estate Credit
NAICS code 522292

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clackamas County, OR — SBA Office 1086 — Congressional District: OR-05

Similar Companies near West Linn

In the West Linn area, 2 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $46,721 (compared to this company's $41,667).

Similar Nearby Businesses Who Received PPP Funding:

Northwest Reverse Mortgage, LLC
West Linn, OR

$51,775 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,832 businesses in the "Real Estate Credit" industry received a total of $627.92M 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 12 employees, 500% higher than Wirs Real Estate Consultants LLC's reported 2 employees, and received an average PPP loan of $163,863, 293% higher than this company's loan of $41,667.

SBA PPP loan data, payroll data, and salaries for Wirs Real Estate Consultants LLC
OR

Wirs Real Estate Consultants LLC

Entity: Limited Liability Partnership

Industry: Other Management Consulting Services

Location: West Linn, OR

Search All PPP Data

Wirs Real Estate Consultants LLC is a limited liability partnership located at 22744 Sw Ulsky Rd in West Linn, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,037.00 in May, 2020.

$ PPP Loan Information
Loan #3560377710

Loan Size:

$46,037

Jobs Retained:

2

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association
Likely Employment Reduction3

Wirs Real Estate Consultants LLC in West Linn, OR received a Paycheck Protection Loan of $46,037 through KeyBank National Association, 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 June, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 2 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Wirs Real Estate Consultants LLC's 2019 payroll expenses are estimated to be at least $220,978 (not accounting for salary amounts > $100k).

Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Wirs Real Estate Consultants LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,037

Business Information - Wirs Real Estate Consultants LLC in West Linn, OR

Wirs Real Estate Consultants LLC
22744 Sw Ulsky Rd
West Linn, OR 97068

Business Industry:
Other Management Consulting Services
NAICS code 541618

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clackamas County, OR — SBA Office 1086 — Congressional District: OR-05

Similar Companies near West Linn

In the West Linn area, 27 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $19,055 (compared to this company's $46,037).

Industry PPP Comparison Statistics

Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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, 100% higher than Wirs Real Estate Consultants LLC's reported 2 employees, and received an average PPP loan of $44,524, 3% lower than this company's loan of $46,037.

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wirs-real-estate-consultants-llc-west-linn-or