PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — James Lee, Fort Washington, PA

ALERT: There are 2 PPP loans for a total of $22,130 in our database for businesses with the name "James Lee" in Fort Washington, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for James Lee
PA

James Lee

Entity: Sole Proprietorship

Industry: Other Activities Related to Real Estate

Location: Fort Washington, PA

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James Lee is a sole proprietorship located in Fort Washington, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $7,670.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #9742768409

Loan Size:

$7,670

Jobs Retained:

1

Loan Approved:

2021-02-17

Loan Status:

Paid in Full or Forgiven

Lender:

TruMark Financial CU

James Lee in Fort Washington, PA received a Paycheck Protection Loan of $7,670 through TruMark Financial CU, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2022.


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, James Lee reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $7,670

Business Information - James Lee in Fort Washington, PA

James Lee
Fort Washington, PA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Similar Companies near Fort Washington

In the Fort Washington area, 16 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $20,955 (compared to this company's $7,670).

Industry PPP Comparison Statistics

Nationwide, 77,354 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 300% higher than James Lee's reported 1 employees, and received an average PPP loan of $47,107, 514% higher than this company's loan of $7,670.

SBA PPP loan data, payroll data, and salaries for James Lee
PA

James Lee

Entity: Sole Proprietorship

Industry: Other Activities Related to Real Estate

Location: Fort Washington, PA

Search All PPP Data

James Lee is a sole proprietorship located in Fort Washington, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $14,460.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6683767408

Loan Size:

$14,460

Jobs Retained:

1

Loan Approved:

2020-05-15

Loan Status:

Paid in Full or Forgiven

Lender:

TruMark Financial CU

James Lee in Fort Washington, PA received a Paycheck Protection Loan of $14,460 through TruMark Financial CU, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.


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, James Lee reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,460

Business Information - James Lee in Fort Washington, PA

James Lee
Fort Washington, PA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as James Lee.

Brightlogix
All Other Professional, Scientific, and Technical Services

$42,192 PPP Loan

Commonwealth Insurance Advantage LLC
Insurance Agencies and Brokerages

$131,900 PPP Loan

Similar Companies near Fort Washington

In the Fort Washington area, 16 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $20,955 (compared to this company's $14,460).

Industry PPP Comparison Statistics

Nationwide, 77,354 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 300% higher than James Lee's reported 1 employees, and received an average PPP loan of $47,107, 226% higher than this company's loan of $14,460.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/james-lee-fort-washington-pa