PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Jetson Specialty Marketing Services Inc, Kutztown, PA

ALERT: There are 2 PPP loans for a total of $5.46M in our database for businesses with the name "Jetson Specialty Marketing Services Inc" in Kutztown, PA. 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 Jetson Specialty Marketing Services Inc
PA

Jetson Specialty Marketing Services Inc

Entity: Corporation

Industry: Support Activities for Printing

Location: Kutztown, PA

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Jetson Specialty Marketing Services Inc is a corporation located at 9775 Commerce Cir in Kutztown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 277 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4553468302

Loan Size:

$2M

Jobs Retained:

277

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Jetson Specialty Marketing Services Inc in Kutztown, PA received a Paycheck Protection Loan of $2M through Manufacturers and Traders Trust Company, which was approved in January, 2021.

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

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, Jetson Specialty Marketing Services Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $34,657 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jetson Specialty Marketing Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Jetson Specialty Marketing Services Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Jetson Specialty Marketing Services Inc in Kutztown, PA

Jetson Specialty Marketing Services Inc
9775 Commerce Cir
Kutztown, PA 19530

Business Industry:
Support Activities for Printing
NAICS code 323120

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Berks County, PA — SBA Office 0303 — Congressional District: PA-07

Industry PPP Comparison Statistics

Nationwide, 1,673 businesses in the "Support Activities for Printing" industry received a total of $197.09M 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 11 employees, 96% lower than Jetson Specialty Marketing Services Inc's reported 277 employees, and received an average PPP loan of $117,807, 94% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Jetson Specialty Marketing Services, Inc
PA

Jetson Specialty Marketing Services, Inc

Entity: Corporation

Industry: Direct Mail Advertising

Location: Kutztown, PA

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Jetson Specialty Marketing Services, Inc is a corporation located at 9775 Commerce Circle in Kutztown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,462,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5183157009

Loan Size:

$3.46M

Jobs Retained:

200

Loan Approved:

2020-04-05

Loan Status:

Ongoing Loan

Lender:

The Huntington National Bank

Jetson Specialty Marketing Services, Inc in Kutztown, PA received a Paycheck Protection Loan of $3.46M through The Huntington National Bank, which was approved in April, 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

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, Jetson Specialty Marketing Services, Inc's 2019 payroll expenses are estimated to be at least $16.62M.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $83,100 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jetson Specialty Marketing Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,462,500
Because the loan received by Jetson Specialty Marketing Services, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Jetson Specialty Marketing Services, Inc in Kutztown, PA

Jetson Specialty Marketing Services, Inc
9775 Commerce Circle
Kutztown, PA 19530

Business Industry:
Direct Mail Advertising
NAICS code 541860

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Berks County, PA — SBA Office 0303 — Congressional District: PA-07

Industry PPP Comparison Statistics

Nationwide, 1,798 businesses in the "Direct Mail Advertising" industry received a total of $237.82M 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 12 employees, 94% lower than Jetson Specialty Marketing Services, Inc's reported 200 employees, and received an average PPP loan of $132,268, 96% lower than this company's loan of $3.46M.

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/jetson-specialty-marketing-services-inc-kutztown-pa