PPP Loan Data — Jeniel, LLC, Charlotte, NC
Jeniel, LLC is a corporation located at 10801 Johnston R in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,713,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 115 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:United Community Bank
Jeniel, LLC in Charlotte, NC received a Paycheck Protection Loan of $1.71M through United Community 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, Jeniel, LLC's 2019 payroll expenses are estimated to be at least $8.22M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $71,503 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeniel, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,713,100
Business Information - Jeniel, LLC in Charlotte, NC
10801 Johnston R
Charlotte, NC 28226
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 25 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 115) and received an average PPP loan of $220,938 (compared to this company's $1.71M).
Similar Nearby Businesses Who Received PPP Funding:
Blanchard's Deli, Inc
Aggies Restaurant Inc
7209 E Wt Harris Blvd, NC
Chih-Cheng MA Corp Quick Wok
Jet's Pizza North Carolina #1 LLC
LI Brothers Corporation
Lotus Cuisine II Enterprise Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 82% lower than Jeniel, LLC's reported 115 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.71M.
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Footnotes & Information
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