PPP Loan Data — Janus Corporation, Concord, CA
Entity: Sole Proprietorship
Location: Concord, CATweet This • Search All PPP Data
Janus Corporation is a sole proprietorship located at 1081 Shary Cir in Concord, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 225 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Readycap Lending, LLC
Janus Corporation in Concord, CA received a Paycheck Protection Loan of $2M through Readycap Lending, LLC, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Janus Corporation's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $42,667 per employee1
Reported PPP Proceed Usage:
On the PPP application, Janus Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Janus Corporation in Concord, CA
1081 Shary Cir
Concord, CA 94518
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 Concord
In the Concord area, 29 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 225) and received an average PPP loan of $103,852 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Invision Home Theater, Inc
Heads Up Sports
Economy Medical Incorporated
Atelier Conosur LLC
Absolute Best Care
T J Lo & Company 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, 98% lower than Janus Corporation's reported 225 employees, and received an average PPP loan of $34,329, 98% lower than this company's loan of $2M.
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Footnotes & Information
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