PPP Loan Data — Janco Supply, Inc, Aurora, IL
Janco Supply, Inc
Entity: Sole Proprietorship
Location: Aurora, ILTweet This • Search All PPP Data
Janco Supply, Inc is a sole proprietorship located at 723 North Highland Avenue in Aurora, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Janco Supply, Inc in Aurora, IL received a Paycheck Protection Loan of $46,800 through Customers Bank, 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, Janco Supply, Inc's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Janco Supply, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Janco Supply, Inc in Aurora, IL
723 North Highland Avenue
Aurora, IL 60506
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Aurora
In the Aurora area, 85 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $32,619 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Medcourt Legal Nurse Consultants, LLC
Banks Lawn Care Inc
Hickerson & Gerhard Financial
New Hope Lutheran Church
Progressive Energy Group LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, the same amount reported by Janco Supply, Inc and received an average PPP loan of $34,329, 27% lower than this company's loan of $46,800.
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