PPP Loan Data — Jerry Harrison, Decatur, IL
Jerry Harrison is a sole proprietorship located in Decatur, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,982.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Prairie State Bank and Trust
Jerry Harrison in Decatur, IL received a Paycheck Protection Loan of $24,982 through Prairie State Bank and Trust, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Jerry Harrison reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,980
- Utilities: $1
Business Information - Jerry Harrison in Decatur, IL
* Full address is redacted to protect the privacy of individuals.
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Decatur
In the Decatur area, 16 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $89,921 (compared to this company's $24,982).
Similar Nearby Businesses Who Received PPP Funding:
Amanda Lewis Enterprises Limited
Chad Burmeister, DMD., PC
DR. William L. Fiesler PC
DR. Marcia Hardy
Larry W. Osborne DMDltd
DR. William L. Fiesler
Industry PPP Comparison Statistics
Nationwide, 173,521 businesses in the "Offices of Dentists" industry received a total of $14B 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 8 employees, 700% higher than Jerry Harrison's reported 1 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $24,982.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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