PPP Loan Data — Jeffrey Robinson, Bangor, ME
Entity: Sole Proprietorship
Location: Bangor, METweet This • Search All PPP Data
Jeffrey Robinson is a sole proprietorship located at 115 Main Street in Bangor, Maine that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bangor Savings Bank
Jeffrey Robinson in Bangor, ME received a Paycheck Protection Loan of $25,100 through Bangor Savings 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 March, 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, Jeffrey Robinson's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeffrey Robinson reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Jeffrey Robinson in Bangor, ME
115 Main Street
Bangor, ME 4401
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Bangor
In the Bangor area, 5 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $11,578 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 20% lower than Jeffrey Robinson's reported 5 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,100.
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Footnotes & Information
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