PPP Loan Data — J C Park Corp, Roseburg, OR
J C Park Corp is a subchapter s corporation located at 1532 Southeast Stephens Street in Roseburg, Oregon that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cache Valley Bank
J C Park Corp in Roseburg, OR received a Paycheck Protection Loan of $24,900 through Cache Valley Bank, 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.
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 C Park Corp's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $14,940 per employee1
Reported PPP Proceed Usage:
On the PPP application, J C Park Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - J C Park Corp in Roseburg, OR
1532 Southeast Stephens Street
Roseburg, OR 97470
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Roseburg
In the Roseburg area, 11 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 8) and received an average PPP loan of $32,273 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Diamond Lake Market, LLC
Fast Stop Diamond Lake Inc
Garden Valley Mini Mart
Anderson Market Deli Inc
Downtown Market, LLC
Roseburg Tobacco And Food Mart
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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, 25% lower than J C Park Corp's reported 8 employees, and received an average PPP loan of $28,488, 14% higher than this company's loan of $24,900.
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Footnotes & Information
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