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PPP Loan Data — Jaime Gaines, Orleans, IN

SBA PPP loan data, payroll data, and salaries for Jaime Gaines
IN

Jaime Gaines

Entity: Sole Proprietorship

Industry: Other Miscellaneous Durable Goods Merchant Wholesalers

Location: Orleans, IN

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Jaime Gaines is a sole proprietorship located in Orleans, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,600.00 in April, 2020.

$ PPP Loan Information
Loan #9831787203

Loan Size:

$1,600

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

Northwest Bank

Jaime Gaines in Orleans, IN received a Paycheck Protection Loan of $1,600 through Northwest Bank, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Jaime Gaines reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,600

Business Information - Jaime Gaines in Orleans, IN

Jaime Gaines
Orleans, IN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Orange County, IN — SBA Office 0562 — Congressional District: IN-09

Industry PPP Comparison Statistics

Nationwide, 26,568 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.98B 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 7 employees, 600% higher than Jaime Gaines' reported 1 employees, and received an average PPP loan of $74,615, 4563% higher than this company's loan of $1,600.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/jaime-gaines-orleans-in