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PPP Loan Data — JMB III LLC,
Plains, PA
JMB III LLC
Entity: Limited Liability Company (LLC)
Industry: Shoe Stores
Location: Plains, PA
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JMB III LLC is a limited liability company (LLC) located at 1 S Main St in Plains, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $19,127.00 in February, 2021.
$
PPP Loan Information
Loan #1937038406
Loan Size:
Jobs Retained:
5Loan Approved:
2021-02-02Loan Status:
Paid in Full or ForgivenLender:
Wayne BankJMB III LLC in Plains, PA received a Paycheck Protection Loan of $19,127 through Wayne Bank, which was approved in February, 2021.
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 October, 2021.
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 MoreUnderstanding 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 MoreBased 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, JMB III LLC's 2019 payroll expenses are estimated to be at least $91,810.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $18,362 per employee1
Reported PPP Proceed Usage:
On the PPP application, JMB III LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,121
- Utilities: $1
Business Information - JMB III LLC in Plains, PA
1 S Main St
Plains, PA 18705
Business Industry:
Shoe Stores
NAICS code 448210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as JMB III LLC.
SK Sports & Leisure Inc
Shoe Stores
Jay-Dee/Sneaker King Inc
Shoe Stores
Similar Companies near Plains
In the Plains area, 6 businesses in the "Shoe Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $43,873 (compared to this company's $19,127).
Similar Nearby Businesses Who Received PPP Funding:
Penn Lee Footwear LLC
Wilkes Barre, PA
Lulu's Shooze LLC
Kingston, PA
Jay-Dee/Sneaker King Inc
Plains, PA
SK Sports & Leisure Inc
Plains, PA
Megan Strunk
Hanover Township, PA
Industry PPP Comparison Statistics
Nationwide, 7,514 businesses in the "Shoe Stores" industry received a total of $372.53M 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 6 employees, 20% higher than JMB III LLC's reported 5 employees, and received an average PPP loan of $49,578, 159% higher than this company's loan of $19,127.
JMB III, LLC
Entity: Limited Liability Company (LLC)
Industry: Sporting Goods Stores
Location: Plains, PA
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JMB III, LLC is a limited liability company (LLC) located at 1 South Main Street in Plains, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $19,127.00 in April, 2020.
$
PPP Loan Information
Loan #2633207103
Loan Size:
Jobs Retained:
3Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
Wayne BankJMB III, LLC in Plains, PA received a Paycheck Protection Loan of $19,127 through Wayne Bank, which was approved in April, 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 March, 2021.
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 MoreUnderstanding 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 MoreBased 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, JMB III, LLC's 2019 payroll expenses are estimated to be at least $91,810.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $30,603 per employee1
Reported PPP Proceed Usage:
On the PPP application, JMB III, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,127
Business Information - JMB III, LLC in Plains, PA
1 South Main Street
Plains, PA 18705
Business Industry:
Sporting Goods Stores
NAICS code 451110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as JMB III, LLC.
JMB Fit Group
Sporting Goods Stores
SK Sports & Leisure, Inc
Sporting Goods Stores
Jay-Dee / Sneaker King, Inc
Sporting Goods Stores
Similar Companies near Plains
In the Plains area, 5 businesses in the "Sporting Goods Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $71,643 (compared to this company's $19,127).
Similar Nearby Businesses Who Received PPP Funding:
SK Sports & Leisure, Inc
Plains, PA
JMB Fit Group
Plains, PA
Brandnexity Commerce Group, Inc
Plains, PA
Jay-Dee / Sneaker King, Inc
Plains, PA
Industry PPP Comparison Statistics
Nationwide, 13,747 businesses in the "Sporting Goods Stores" industry received a total of $736.23M 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 8 employees, 167% higher than JMB III, LLC's reported 3 employees, and received an average PPP loan of $53,556, 180% higher than this company's loan of $19,127.
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.
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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