Lake Oswego businesses have stepped up to take advantage of the federal government’s Paycheck Protection Program. As part of the program, the government provided up to $659 billion in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic.
A ProPublica analysis shows 210 Lake Oswego businesses in zip codes 97034 and 97035 have had loans approved by lenders and disclosed by the Small Business Administration (SBA).
The largest loan recipients, 21 businesses receiving loans of $1 million or more, are:
- Recipient: ACME CONSTRUCTION SUPPLY CO., INC.
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $5-10 million
- Recipient: PACIFIC RESIDENTIAL MORTGAGE, LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company(LLC)
Loan Amount: $2-5 million
- Recipient: BILLUPS, INC.
Location: LAKE OSWEGO, OR
Business Type: Subchapter S Corporation
Loan Amount: $2-5 million
- Recipient: MARY’S WOODS AT MARYLHURST, INC.
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $2-5 million
- Recipient: LA PROVENCE WHOLESALE,LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company (LLC)
Loan Amount: $2-5 million
- Recipient: PENCE/KELLY CONSTRUCTION, LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company(LLC)
Loan Amount: $2-5 million
- Recipient: LCG PENCE, LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company(LLC)
Loan Amount: $2-5 million
- Recipient: ANTHEM MEMORY CARE LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company(LLC)
Loan Amount: $2-5 million
- Recipient: DELAP LLP
Location: LAKE OSWEGO, OR
Business Type: Partnership
Loan Amount: $1-2 million
- Recipient: JORDAN RAMIS PC
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $1-2 million
- Recipient: KOOL PAK LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company(LLC)
Loan Amount: $1-2 million
- Recipient: SONETICS CORPORATION
Location: LAKE OSWEGO, OR
Business Type: Subchapter S Corporation
Loan Amount: $1-2 million
- Recipient: VIAL FOTHERINGHAM, LLP
Location: LAKE OSWEGO, OR
Business Type: Partnership
Loan Amount: $1-2 million
- Recipient: BATES GROUP LLC
Location: LAKE OSWEGO, OR
Business Type: Limited Liability Company(LLC)
Loan Amount: $1-2 million
- Recipient: MEGI ENGINEERING INC.
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $1-2 million
- Recipient: MILESTONE SYSTEMS INC
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $1-2 million
- Recipient: APPLIED TECHNICAL SYSTEMS INC.
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $1-2 million
- Recipient: NICOLI INC.
Location: LAKE OSWEGO, OR
Business Type: Subchapter S Corporation
Loan Amount: $1-2 million
- Recipient: GRACE MANAGEMENT INC
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $1-2 million
- Recipient: GSL PROPERTIES INC
Location: LAKE OSWEGO, OR
Business Type: Subchapter S Corporation
Loan Amount: $1-2 million
- Recipient: YAKIMA PRODUCTS, INC.
Location: LAKE OSWEGO, OR
Business Type: Corporation
Loan Amount: $1-2 million
A complete list of all Lake Oswego recipients of $150,000 or more is available at ProPublica, an independent, nonprofit newsroom that produces investigative journalism.
Note:
This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program of at least $150,000. The federal government released data on loan approvals of less than $150,000, and that data was used to calculate summary figures for states. Organizations with lender-approved loans of less than $150,000 do not appear in this data. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database.
