PPP Loan Data — Jams, Inc., Irvine, CA
Entity: Subchapter S Corporation
Location: Irvine, CATweet This • Search All PPP Data
Jams, Inc. is a subchapter s corporation located at 18881 Von Karman Ave in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $5,006,366.00 in April, 2020.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Jams, Inc. in Irvine, CA received a Paycheck Protection Loan of $5.01M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jams, Inc.'s total 2019 payroll expenses were approximately $24.03M in order to qualify for the PPP loan amount received.
Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $99,300 per employee1.
Business Information - Jams, Inc. in Irvine, CA
18881 Von Karman Ave
Irvine, CA 92612
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-45
Similar Companies near Irvine
In the Irvine area, 25 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 242) and received an average PPP loan of $578,970 (compared to this company's $5.01M).
Similar Nearby Businesses Who Received PPP Funding:
Exec Support LLC
Adachi International College, Inc.
Denise 777 Design, LLC
Gadiera Group Inc
Art Of Hair & Color Design Inc
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, 98% lower than Jams, Inc.'s reported 242 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $5.01M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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