PPP Loan Data — JFI, LLC, Chicago, IL
JFI, LLC is a limited liability company (LLC) located at 6200 N Lenox Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,118.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Northern Trust Company
JFI, LLC in Chicago, IL received a Paycheck Protection Loan of $25,118 through The Northern Trust Company, which was approved in May, 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 April, 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, JFI, LLC's 2019 payroll expenses are estimated to be at least $120,566.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,283 per employee1
Reported PPP Proceed Usage:
On the PPP application, JFI, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,118
Business Information - JFI, LLC in Chicago, IL
6200 N Lenox Ave
Chicago, IL 60646
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 105 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $29,983 (compared to this company's $25,118).
Similar Nearby Businesses Who Received PPP Funding:
KE Shawna Watson
Homescape Construction Inc
Ikenga Development Group, LLC
Blackbird Consulting Company
Eshal Managment Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 50% higher than JFI, LLC's reported 2 employees, and received an average PPP loan of $30,405, 21% higher than this company's loan of $25,118.
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Footnotes & Information
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