PPP Loan Data — Instant Printing And Business Forms Inc, Jamestown, ND
Instant Printing And Business Forms Inc is a corporation located at 1214 10th St Se in Jamestown, North Dakota that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Instant Printing And Business Forms Inc in Jamestown, ND received a Paycheck Protection Loan of $46,300 through Unison Bank, 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 December, 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, Instant Printing And Business Forms Inc's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,448 per employee1
Reported PPP Proceed Usage:
On the PPP application, Instant Printing And Business Forms Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $43,800
- Utilities: $500
- Rent: $2,000
Business Information - Instant Printing And Business Forms Inc in Jamestown, ND
1214 10th St Se
Jamestown, ND 58401
Commercial Screen Printing
NAICS code 323113
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jamestown
In the Jamestown area, 5 businesses in the "Commercial Screen Printing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $46,232 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 10,551 businesses in the "Commercial Screen Printing" industry received a total of $660.61M 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 8 employees, 60% higher than Instant Printing And Business Forms Inc's reported 5 employees, and received an average PPP loan of $62,611, 35% higher than this company's loan of $46,300.
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Footnotes & Information
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