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PPP Loan Data — J. B. Hanks Co., Inc, Wilmington, DE

SBA PPP loan data, payroll data, and salaries for J. B. Hanks Co., Inc
DE

J. B. Hanks Co., Inc

Entity: Corporation

Industry: Farm Management Services

Location: Wilmington, DE

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J. B. Hanks Co., Inc is a corporation located in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $12,500.00 in April, 2020.

$ PPP Loan Information
Loan #2244897303

Loan Size:

$12,500

Jobs Retained:

1

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

Cadence Bank

J. B. Hanks Co., Inc in Wilmington, DE received a Paycheck Protection Loan of $12,500 through Cadence 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 January, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, J. B. Hanks Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,500

Business Information - J. B. Hanks Co., Inc in Wilmington, DE

J. B. Hanks Co., Inc
Wilmington, DE
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Farm Management Services
NAICS code 115116

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

New Castle County, DE — SBA Office 0341 — Congressional District: DE-

Similar Companies near Wilmington

In the Wilmington area, 2 businesses in the "Farm Management Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $30,850 (compared to this company's $12,500).

Similar Nearby Businesses Who Received PPP Funding:

Salina Business Development, Inc
Wilmington, DE

$49,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,595 businesses in the "Farm Management Services" industry received a total of $293.82M 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, 800% higher than J. B. Hanks Co., Inc's reported 1 employees, and received an average PPP loan of $81,731, 554% higher than this company's loan of $12,500.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/j-b-hanks-co-inc-wilmington-de