PPP Loan Data — J & K Henson, LLC, Morrilton, AR
J & K Henson, LLC is a corporation located at 806 N St Joseph in Morrilton, Arkansas that received a Coronavirus-related PPP loan from the SBA of $24,917.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
J & K Henson, LLC in Morrilton, AR received a Paycheck Protection Loan of $24,917 through Centennial Bank, which was approved in May, 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 April, 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 & K Henson, LLC's 2019 payroll expenses are estimated to be at least $119,602.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,934 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & K Henson, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,917
Business Information - J & K Henson, LLC in Morrilton, AR
806 N St Joseph
Morrilton, AR 72110
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 Morrilton
In the Morrilton area, 2 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $15,138 (compared to this company's $24,917).
Similar Nearby Businesses Who Received PPP Funding:
Nisha One Stop LLC
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, the same amount reported by J & K Henson, LLC and received an average PPP loan of $28,488, 14% higher than this company's loan of $24,917.
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Footnotes & Information
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