PPP Loan Data — J & N Unlimited LLC, Fort Wayne, IN
J & N Unlimited LLC is a limited liability company (LLC) located at 9173 Lima Rd in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,497.00 in April, 2020. This business is a Mr. Appliance franchise.
The company has reported itself as a female veteran owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Midwest Savings Bank, National Association
J & N Unlimited LLC in Fort Wayne, IN received a Paycheck Protection Loan of $25,497 through United Midwest Savings Bank, National Association, 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 & N Unlimited LLC's 2019 payroll expenses are estimated to be at least $122,386.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,597 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & N Unlimited LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,497
Business Information - J & N Unlimited LLC in Fort Wayne, IN
9173 Lima Rd
Fort Wayne, IN 46818
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Wayne
In the Fort Wayne area, 4 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 4) and received an average PPP loan of $79,614 (compared to this company's $25,497).
Similar Nearby Businesses Who Received PPP Funding:
Direct Connect Home Services, LLC
Fort Wayne, IN
Sky Point Social Services, LLC
Fort Wayne, IN
Fort Wayne, IN
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 150% higher than J & N Unlimited LLC's reported 4 employees, and received an average PPP loan of $42,878, 68% higher than this company's loan of $25,497.
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Footnotes & Information
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