PPP Loan Data — J Law Advertising LLC, Hudson, OH
J Law Advertising LLC is a limited liability company (LLC) located at 75 Milford Rd 310 in Hudson, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
J Law Advertising LLC in Hudson, OH received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, 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 Law Advertising LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, J Law Advertising LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $1,000
- Rent: $2,000
- Health Care: $2,000
Business Information - J Law Advertising LLC in Hudson, OH
75 Milford Rd 310
Hudson, OH 44236
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hudson
In the Hudson area, 5 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $25,046 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bluesun Branding And Communication Services LLC
Deborah H Meredith
The Carson Group Inc
AFC Media LLC
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 250% higher than J Law Advertising LLC's reported 2 employees, and received an average PPP loan of $99,714, 299% higher than this company's loan of $25,000.
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Footnotes & Information
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