PPP Loan Data — Jalaram Corporation, East Greenville, PA
Jalaram Corporation is a corporation located at 404 Main Street in East Greenville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Univest Bank and Trust Co.
Jalaram Corporation in East Greenville, PA received a Paycheck Protection Loan of $25,300 through Univest Bank and Trust Co., 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, Jalaram Corporation's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,349 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jalaram Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Jalaram Corporation in East Greenville, PA
404 Main Street
East Greenville, PA 18049
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near East Greenville
In the East Greenville area, 3 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 212 employees (compared to this company's 7) and received an average PPP loan of $966,194 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 43% higher than Jalaram Corporation's reported 7 employees, and received an average PPP loan of $45,821, 81% higher than this company's loan of $25,300.
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