PPP Loan Data — James Christopher Adams, Lagrange, GA
James Christopher Adams
Entity: Sole Proprietorship
Location: Lagrange, GATweet This • Search All PPP Data
James Christopher Adams is a sole proprietorship located in Lagrange, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
James Christopher Adams in Lagrange, GA received a Paycheck Protection Loan of $25,000 through South State Bank, National Association, which was approved in June, 2020.
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, James Christopher Adams reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - James Christopher Adams in Lagrange, GA
* Full address is redacted to protect the privacy of individuals.
Third Party Administration of Insurance and Pension Funds
NAICS code 524292
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,272 businesses in the "Third Party Administration of Insurance and Pension Funds" industry received a total of $288.85M 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 18 employees, 1700% higher than James Christopher Adams' reported 1 employees, and received an average PPP loan of $227,081, 808% higher than this company's loan of $25,000.
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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