PPP Loan Data — Jacob Von Behren, Springfield, IL
Jacob Von Behren
Entity: Sole Proprietorship
Location: Springfield, ILTweet This • Search All PPP Data
Jacob Von Behren is a sole proprietorship located in Springfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,893.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Williamsville State Bank & Trust
Jacob Von Behren in Springfield, IL received a Paycheck Protection Loan of $24,893 through Williamsville State Bank & Trust, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Jacob Von Behren reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,893
Business Information - Jacob Von Behren in Springfield, IL
* Full address is redacted to protect the privacy of individuals.
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Springfield
In the Springfield area, 16 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 1) and received an average PPP loan of $155,150 (compared to this company's $24,893).
Similar Nearby Businesses Who Received PPP Funding:
B & B Electric Inc
Beatty Televisual, Inc
Mam/Comm 1 Services Inc
Robert Von Behren
Mr Auto Electric
Capitol Construction Group LLC
Rob's Electric LLC
Carmean Electric Of Springfield Inc
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 1000% higher than Jacob Von Behren's reported 1 employees, and received an average PPP loan of $142,494, 472% higher than this company's loan of $24,893.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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