PPP Loan Data — JCW Land Surveying, PLLC, Palmyra, NY
JCW Land Surveying, PLLC
Entity: Limited Liability Company (LLC)
Location: Palmyra, NYTweet This • Search All PPP Data
JCW Land Surveying, PLLC is a limited liability company (LLC) located at 2449 Magog Rd in Palmyra, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Lyons National Bank
JCW Land Surveying, PLLC in Palmyra, NY received a Paycheck Protection Loan of $25,000 through The Lyons National Bank, 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 October, 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, JCW Land Surveying, PLLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, JCW Land Surveying, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - JCW Land Surveying, PLLC in Palmyra, NY
2449 Magog Rd
Palmyra, NY 14522
Surveying and Mapping (except Geophysical) Services
NAICS code 541370
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 5,535 businesses in the "Surveying and Mapping (except Geophysical) Services" industry received a total of $521.74M 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 8 employees, 100% higher than JCW Land Surveying, PLLC's reported 4 employees, and received an average PPP loan of $94,261, 277% higher than this company's loan of $25,000.
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Footnotes & Information
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