PPP Loan Data — J And J Shop, LLC, Laurel, DE
J And J Shop, LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Laurel, DETweet This • Search All PPP Data
J And J Shop, LLC is a limited liability company (LLC) located at 16258 Sycamore Road in Laurel, Delaware that received a Coronavirus-related PPP loan from the SBA of $25,097.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
J And J Shop, LLC in Laurel, DE received a Paycheck Protection Loan of $25,097 through Manufacturers and Traders Trust Company, 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 March, 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, J And J Shop, LLC's 2019 payroll expenses are estimated to be at least $120,466.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,233 per employee1
Reported PPP Proceed Usage:
On the PPP application, J And J Shop, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,078
- Utilities: $2,000
- Mortgage Interest: $3,019
Business Information - J And J Shop, LLC in Laurel, DE
16258 Sycamore Road
Laurel, DE 19956
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B 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 9 employees, 350% higher than J And J Shop, LLC's reported 2 employees, and received an average PPP loan of $101,583, 305% higher than this company's loan of $25,097.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!