PPP Loan Data — Janssen Engineering Group Inc, Sunrise, FL
Janssen Engineering Group Inc is a corporation located at 4619 Nw 103rd Ave in Sunrise, Florida that received a Coronavirus-related PPP loan from the SBA of $46,770.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Janssen Engineering Group Inc in Sunrise, FL received a Paycheck Protection Loan of $46,770 through Bank of America, 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 March, 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 Engineering Group Inc's 2019 payroll expenses are estimated to be at least $224,496.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,124 per employee1
Reported PPP Proceed Usage:
On the PPP application, Janssen Engineering Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,770
Business Information - Janssen Engineering Group Inc in Sunrise, FL
4619 Nw 103rd Ave
Sunrise, FL 33351
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sunrise
In the Sunrise area, 15 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $124,117 (compared to this company's $46,770).
Similar Nearby Businesses Who Received PPP Funding:
Sarandrea Associates Gropup Corp
Fort Lauderdale, FL
Atlantic & Caribbean Roof Consulting LLC
Engineering Integ Inc
Comptech Engineering LLC
Bar-Ashi Development, Inc
Draftel Holdings Inc
Sun-Tech Engineering, Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 225% higher than Janssen Engineering Group Inc's reported 4 employees, and received an average PPP loan of $194,873, 317% higher than this company's loan of $46,770.
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Footnotes & Information
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