PPP Loan Data — Janssen Ave Florist & Gifts LLC, Mena, AR
Janssen Ave Florist & Gifts LLC is a limited liability company (LLC) located at 800 Janssen Ave in Mena, Arkansas that received a Coronavirus-related PPP loan from the SBA of $24,896.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Union Bank of Mena
Janssen Ave Florist & Gifts LLC in Mena, AR received a Paycheck Protection Loan of $24,896 through The Union Bank of Mena, which was approved in April, 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 January, 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, Janssen Ave Florist & Gifts LLC's 2019 payroll expenses are estimated to be at least $119,501.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, Janssen Ave Florist & Gifts LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,896
Business Information - Janssen Ave Florist & Gifts LLC in Mena, AR
800 Janssen Ave
Mena, AR 71953
NAICS code 453110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Mena
In the Mena area, 3 businesses in the "Florists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 7) and received an average PPP loan of $20,355 (compared to this company's $24,896).
Similar Nearby Businesses Who Received PPP Funding:
Janssen Ave Florist And Gifts LLC
Allbaughs Florist And Gifts LLC
Industry PPP Comparison Statistics
Nationwide, 14,164 businesses in the "Florists" industry received a total of $379.04M 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 5 employees, 29% lower than Janssen Ave Florist & Gifts LLC's reported 7 employees, and received an average PPP loan of $26,761, 7% higher than this company's loan of $24,896.
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Footnotes & Information
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