PPP Loan Data — Eagle Coin, Stamp & Jewelry Company, O Fallon, IL
Eagle Coin, Stamp & Jewelry Company is a corporation located at 523 West Highway 50 in O Fallon, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,265.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of O'Fallon
Eagle Coin, Stamp & Jewelry Company in O Fallon, IL received a Paycheck Protection Loan of $25,265 through Bank of O'Fallon, which was approved in April, 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 January, 2021.
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, Eagle Coin, Stamp & Jewelry Company's 2019 payroll expenses are estimated to be at least $121,272.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,318 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eagle Coin, Stamp & Jewelry Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,903
- Utilities: $1,366
- Rent: $2,997
Business Information - Eagle Coin, Stamp & Jewelry Company in O Fallon, IL
523 West Highway 50
O Fallon, IL 62269
Hobby, Toy, and Game Stores
NAICS code 451120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,716 businesses in the "Hobby, Toy, and Game Stores" industry received a total of $179.81M 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 6 employees, 50% higher than Eagle Coin, Stamp & Jewelry Company's reported 4 employees, and received an average PPP loan of $31,457, 25% higher than this company's loan of $25,265.
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Footnotes & Information
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