PPP Loan Data — JA Croson LLC, Sorrento, FL
JA Croson LLC
Entity: Subchapter S Corporation
Location: Sorrento, FLTweet This • Search All PPP Data
JA Croson LLC is a subchapter s corporation located at 31550 County Road 437 in Sorrento, Florida that received a Coronavirus-related PPP loan from the SBA of $5,192,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
JA Croson LLC in Sorrento, FL received a Paycheck Protection Loan of $5.19M through PNC Bank, National Association, which was approved in April, 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 July, 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, JA Croson LLC's 2019 payroll expenses are estimated to be at least $24.92M.
Based on their reported 431 jobs retained, this equals an estimated average yearly compensation of $57,823 per employee1
Reported PPP Proceed Usage:
On the PPP application, JA Croson LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,192,000
Business Information - JA Croson LLC in Sorrento, FL
31550 County Road 437
Sorrento, FL 32776
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sorrento
In the Sorrento area, 3 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 144 employees (compared to this company's 431) and received an average PPP loan of $1,734,677 (compared to this company's $5.19M).
Similar Nearby Businesses Who Received PPP Funding:
Bill's Heater Repair LLC
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B 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, 98% lower than JA Croson LLC's reported 431 employees, and received an average PPP loan of $125,397, 98% lower than this company's loan of $5.19M.
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Footnotes & Information
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