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PPP Loan Data — Jeremy Haas, Pontiac, IL

ALERT: There are 2 PPP loans for a total of $40,031 in our database for businesses with the name "Jeremy Haas" in Pontiac, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Jeremy Haas
IL

Jeremy Haas

Entity: Sole Proprietorship

Industry: Oilseed and Grain Combination Farming

Location: Pontiac, IL

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Jeremy Haas is a sole proprietorship located at 15457 N 1400 East Rd in Pontiac, Illinois that received a Coronavirus-related PPP loan from the SBA of $27,469.00 in January, 2021.

$ PPP Loan Information
Loan #9814638307

Loan Size:

$27,469

Jobs Retained:

5

Loan Approved:

2021-01-31

Loan Status:

Paid in Full or Forgiven

Lender:

State Bank of Graymont

Jeremy Haas in Pontiac, IL received a Paycheck Protection Loan of $27,469 through State Bank of Graymont, which was approved in January, 2021.

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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Jeremy Haas' 2019 payroll expenses are estimated to be at least $131,851.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $26,370 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jeremy Haas reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $27,463
  • Utilities: $1

Business Information - Jeremy Haas in Pontiac, IL

Jeremy Haas
15457 N 1400 East Rd
Pontiac, IL 61764

Business Industry:
Oilseed and Grain Combination Farming
NAICS code 111191

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Livingston County, IL — SBA Office 0507 — Congressional District: IL-16

Similar Companies near Pontiac

In the Pontiac area, 47 businesses in the "Oilseed and Grain Combination Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $19,070 (compared to this company's $27,469).

Industry PPP Comparison Statistics

Nationwide, 32,696 businesses in the "Oilseed and Grain Combination Farming" industry received a total of $643.76M 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 2 employees, 60% lower than Jeremy Haas' reported 5 employees, and received an average PPP loan of $19,689, 28% lower than this company's loan of $27,469.

SBA PPP loan data, payroll data, and salaries for Jeremy Haas
IL

Jeremy Haas

Entity: Sole Proprietorship

Industry: Corn Farming

Location: Pontiac, IL

Search All PPP Data

Jeremy Haas is a sole proprietorship located in Pontiac, Illinois that received a Coronavirus-related PPP loan from the SBA of $12,562.00 in April, 2020.

$ PPP Loan Information
Loan #9140147200

Loan Size:

$12,562

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

State Bank of Graymont

Jeremy Haas in Pontiac, IL received a Paycheck Protection Loan of $12,562 through State Bank of Graymont, 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 February, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Jeremy Haas reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,562

Business Information - Jeremy Haas in Pontiac, IL

Jeremy Haas
Pontiac, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Corn Farming
NAICS code 111150

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Livingston County, IL — SBA Office 0507 — Congressional District: IL-16

Similar Companies near Pontiac

In the Pontiac area, 96 businesses in the "Corn Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $18,032 (compared to this company's $12,562).

Industry PPP Comparison Statistics

Nationwide, 91,161 businesses in the "Corn Farming" industry received a total of $1.75B 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 2 employees, 100% higher than Jeremy Haas' reported 1 employees, and received an average PPP loan of $19,198, 53% higher than this company's loan of $12,562.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/jeremy-haas-pontiac-il