PPP Loan Data — J C Twins Corp, Brooklyn, NY
J C Twins Corp is a subchapter s corporation located at 82 6th Ave in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $45,792.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
J C Twins Corp in Brooklyn, NY received a Paycheck Protection Loan of $45,792 through Harvest Small Business Finance, LLC, which was approved in April, 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, J C Twins Corp's 2019 payroll expenses are estimated to be at least $219,802.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $19,982 per employee1
Reported PPP Proceed Usage:
On the PPP application, J C Twins Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,792
Business Information - J C Twins Corp in Brooklyn, NY
82 6th Ave
Brooklyn, NY 11217
Ophthalmic Goods Merchant Wholesalers
NAICS code 423460
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 733 businesses in the "Ophthalmic Goods Merchant Wholesalers" industry received a total of $74.97M 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, 18% lower than J C Twins Corp's reported 11 employees, and received an average PPP loan of $102,281, 123% higher than this company's loan of $45,792.
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Footnotes & Information
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