PPP Loan Data — Jana Legacy Group, LLC DBA Style Encore, Findlay, OH
Jana Legacy Group, LLC DBA Style Encore is a limited liability company (LLC) located at 645 Bentbrook Dr in Findlay, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,870.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Jana Legacy Group, LLC DBA Style Encore in Findlay, OH received a Paycheck Protection Loan of $46,870 through JPMorgan Chase Bank, National Association, 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 April, 2021.
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, Jana Legacy Group, LLC DBA Style Encore's 2019 payroll expenses are estimated to be at least $224,976.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,306 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jana Legacy Group, LLC DBA Style Encore reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,248
- Utilities: $1,338
- Rent: $9,784
- Debt Interest: $500
Business Information - Jana Legacy Group, LLC DBA Style Encore in Findlay, OH
645 Bentbrook Dr
Findlay, OH 45840
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Jana Legacy Group, LLC DBA Style Encore's reported 13 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,870.
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Footnotes & Information
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