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PPP Loan Data — JBI Interiors, LLC, Long Beach, CA

SBA PPP loan data, payroll data, and salaries for JBI Interiors, LLC
CA

JBI Interiors, LLC

Entity: Limited Liability Company (LLC)

Industry: Institutional Furniture Manufacturing

Location: Long Beach, CA

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JBI Interiors, LLC is a limited liability company (LLC) located at 2650 El Prresidio St in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $3,372,610.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 283 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.37M

Jobs Retained:

283

Loan Approved:

2020-04-30

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

JBI Interiors, LLC in Long Beach, CA received a Paycheck Protection Loan of $3.37M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, JBI Interiors, LLC's total 2019 payroll expenses were approximately $16.19M in order to qualify for the PPP loan amount received.

Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $57,203 per employee1.

Because the loan received by JBI Interiors, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - JBI Interiors, LLC in Long Beach, CA

JBI Interiors, LLC
2650 El Prresidio St
Long Beach, CA 90810

Business Industry

Institutional Furniture Manufacturing (NAICS code 337127)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-44

Similar Companies near Long Beach

In the Long Beach area, 2 businesses in the "Institutional Furniture Manufacturing" industry received a PPP loan. These local businesses reported an average of 143 employees (compared to this company's 283) and received an average PPP loan of $1,697,605 (compared to this company's $3.37M).

Similar Nearby Businesses Who Received PPP Funding:

Sheltercraft Industries Corp.
Long Beach, CA

$22,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 644 businesses in the "Institutional Furniture Manufacturing" industry received a total of $209,697,149.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 91% lower than JBI Interiors, LLC's reported 283 employees, and received an average PPP loan of $325,617, 90% lower than this company's loan of $3.37M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jbi-interiors-llc-long-beach-ca