PPP Loan Data — Jacobson & Company Inc, Elizabeth, NJ
Jacobson & Company Inc is a subchapter s corporation located at 1079 E Grand St in Elizabeth, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,995,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Jacobson & Company Inc in Elizabeth, NJ received a Paycheck Protection Loan of $2M through A10Capital, LLC, which was approved in January, 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, Jacobson & Company Inc's 2019 payroll expenses are estimated to be at least $9.58M.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $26,824 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jacobson & Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,994,998
- Utilities: $1
Business Information - Jacobson & Company Inc in Elizabeth, NJ
1079 E Grand St
Elizabeth, NJ 7201
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Elizabeth
In the Elizabeth area, 2 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 179 employees (compared to this company's 357) and received an average PPP loan of $1,002,953 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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, 97% lower than Jacobson & Company Inc's reported 357 employees, and received an average PPP loan of $128,649, 94% lower than this company's loan of $2M.
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Footnotes & Information
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