PPP Loan Data — JEB Acquisition Holdings, LLC, Pedricktown, NJ
JEB Acquisition Holdings, LLC is a limited liability company (LLC) located at One Gateway Boulevard in Pedricktown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,524,300.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
JEB Acquisition Holdings, LLC in Pedricktown, NJ received a Paycheck Protection Loan of $2.52M through Citizens Bank, National Association, which was approved in May, 2020.
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, JEB Acquisition Holdings, LLC's 2019 payroll expenses are estimated to be at least $12.12M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $76,205 per employee1
Reported PPP Proceed Usage:
On the PPP application, JEB Acquisition Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,524,300
Business Information - JEB Acquisition Holdings, LLC in Pedricktown, NJ
One Gateway Boulevard
Pedricktown, NJ 8067
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
PPP recipients in this industry report an average of 0 employees, 100% lower than JEB Acquisition Holdings, LLC's reported 159 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $2.52M.
FederalPay's PPP Information Policy
Footnotes & Information
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