PPP Loan Data — JB Hamlet LLC, Philadelphia, PA
JB Hamlet LLC is a limited liability company (LLC) located at 538 Leverington Ave in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,771,767.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 172 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wilmington Savings Fund Society, FSB
JB Hamlet LLC in Philadelphia, PA received a Paycheck Protection Loan of $1.77M through Wilmington Savings Fund Society, FSB, 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, JB Hamlet LLC's 2019 payroll expenses are estimated to be at least $8.5M.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $49,445 per employee1
Reported PPP Proceed Usage:
On the PPP application, JB Hamlet LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,771,767
Business Information - JB Hamlet LLC in Philadelphia, PA
538 Leverington Ave
Philadelphia, PA 19128
Prefabricated Wood Building Manufacturing
NAICS code 321992
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 579 businesses in the "Prefabricated Wood Building Manufacturing" industry received a total of $109.16M 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 19 employees, 89% lower than JB Hamlet LLC's reported 172 employees, and received an average PPP loan of $188,532, 89% lower than this company's loan of $1.77M.
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Footnotes & Information
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