PPP Loan Data — JKL Books Inc, Charlotte, NC
JKL Books Inc is a corporation located at 10110 Johnston Road Suite #5 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,061.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
JKL Books Inc in Charlotte, NC received a Paycheck Protection Loan of $25,061 through Wells Fargo Bank, National Association, 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, JKL Books Inc's 2019 payroll expenses are estimated to be at least $120,293.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,029 per employee1
Reported PPP Proceed Usage:
On the PPP application, JKL Books Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,061
Business Information - JKL Books Inc in Charlotte, NC
10110 Johnston Road Suite #5
Charlotte, NC 28210
NAICS code 451211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,922 businesses in the "Book Stores" industry received a total of $202.49M 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, 10% lower than JKL Books Inc's reported 10 employees, and received an average PPP loan of $51,630, 106% higher than this company's loan of $25,061.
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Footnotes & Information
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