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PPP Loan Data — J Chones Co LTD, Beachwood, OH

SBA PPP loan data, payroll data, and salaries for J Chones Co LTD
OH

J Chones Co LTD

Entity: Limited Liability Partnership

Industry: Other Scientific and Technical Consulting Services

Location: Beachwood, OH

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J Chones Co LTD is a limited liability partnership located at 26900 George Zeiger Dr Apt 527 in Beachwood, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,030.00 in April, 2020.

The company has reported itself as a Black or african american male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$25,030

Jobs Retained:

2

Loan Approved:

2020-04-14

Lender:

THE HUNTINGTON NATIONAL BANK

J Chones Co LTD received a Paycheck Protection Loan of $25,030 through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, J Chones Co LTD's total 2019 payroll expenses were approximately $120,144 in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,072 per employee1.

Business Information - J Chones Co LTD in Beachwood, OH

J Chones Co LTD
26900 George Zeiger Dr Apt 527
Beachwood, OH 44122

Business Industry

Other Scientific and Technical Consulting Services (NAICS code 541690)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-11

Similar Companies near Beachwood

In the Beachwood area, 5 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 2) and received an average PPP loan of $757,910 (compared to this company's $25,030).

Industry PPP Comparison Statistics

Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 250% higher than J Chones Co LTD's reported 2 employees, and received an average PPP loan of $104,882, 319% higher than this company's loan of $25,030.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/j-chones-co-ltd-beachwood-oh