PPP Loan Data — Certified Legal Nurse USA LLC, Port Monmouth, NJ
Certified Legal Nurse USA LLC
Entity: Limited Liability Company (LLC)
Location: Port Monmouth, NJTweet This • Search All PPP Data
Certified Legal Nurse USA LLC is a limited liability company (LLC) located in Port Monmouth, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Certified Legal Nurse USA LLC in Port Monmouth, NJ received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in June, 2020.
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.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 1 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 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, Certified Legal Nurse USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Certified Legal Nurse USA LLC in Port Monmouth, NJ
Port Monmouth, NJ
* Full address is redacted to protect the privacy of individuals.
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Port Monmouth
In the Port Monmouth area, 3 businesses in the "Offices of All Other Miscellaneous Health Practitioners" 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 $19,669 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Jersey Shore Acupuncture
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 400% higher than Certified Legal Nurse USA LLC's reported 1 employees, and received an average PPP loan of $38,577, 54% 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.
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