PPP Loan Data — JBM Packaging Company, Lebanon, OH
JBM Packaging Company is a corporation located at 2850 Henkle Dr in Lebanon, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,760,690.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
JBM Packaging Company in Lebanon, OH received a Paycheck Protection Loan of $1.76M through Truist Bank d/b/a Branch Banking & Trust Co, 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 April, 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, JBM Packaging Company's 2019 payroll expenses are estimated to be at least $8.45M.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $59,516 per employee1
Reported PPP Proceed Usage:
On the PPP application, JBM Packaging Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,760,690
Business Information - JBM Packaging Company in Lebanon, OH
2850 Henkle Dr
Lebanon, OH 45036
All Other Converted Paper Product Manufacturing
NAICS code 322299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 593 businesses in the "All Other Converted Paper Product Manufacturing" industry received a total of $183.01M 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 29 employees, 80% lower than JBM Packaging Company's reported 142 employees, and received an average PPP loan of $308,611, 82% lower than this company's loan of $1.76M.
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Footnotes & Information
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