PPP Loan Data — Jacqueline Convenience Store Inc, Haverhill, MA
Jacqueline Convenience Store Inc
Location: Haverhill, MATweet This • Search All PPP Data
Jacqueline Convenience Store Inc is a corporation located at 143 Locust Street in Haverhill, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,255.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Jacqueline Convenience Store Inc in Haverhill, MA received a Paycheck Protection Loan of $25,255 through Celtic Bank Corporation, 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, Jacqueline Convenience Store Inc's 2019 payroll expenses are estimated to be at least $121,224.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,204 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jacqueline Convenience Store Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,941
- Utilities: $3,157
- Rent: $3,157
Business Information - Jacqueline Convenience Store Inc in Haverhill, MA
143 Locust Street
Haverhill, MA 1830
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Haverhill
In the Haverhill area, 6 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $19,796 (compared to this company's $25,255).
Similar Nearby Businesses Who Received PPP Funding:
Li's Asian Garden, Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 33% lower than Jacqueline Convenience Store Inc's reported 6 employees, and received an average PPP loan of $34,329, 36% higher than this company's loan of $25,255.
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Footnotes & Information
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