PPP Loan Data — J&K Global LLC, Saginaw, MI
J&K Global LLC is a limited liability company (LLC) located at 4837 Bay Rd in Saginaw, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,033.00 in July, 2020.
The company has reported itself as an Asian male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
J&K Global LLC in Saginaw, MI received a Paycheck Protection Loan of $25,033 through Cross River Bank, which was approved in July, 2020.
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, J&K Global LLC's 2019 payroll expenses are estimated to be at least $120,158.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,079 per employee1
Reported PPP Proceed Usage:
On the PPP application, J&K Global LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,033
Business Information - J&K Global LLC in Saginaw, MI
4837 Bay Rd
Saginaw, MI 48604
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Saginaw
In the Saginaw area, 6 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $14,575 (compared to this company's $25,033).
Similar Nearby Businesses Who Received PPP Funding:
Rumi Shahzad. LLC
Integral Improvements LLC
TB Property Management LLC
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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 9 employees, 350% higher than J&K Global LLC's reported 2 employees, and received an average PPP loan of $83,394, 233% higher than this company's loan of $25,033.
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Footnotes & Information
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