PPP Loan Data — JMR Brothers LLC, Winston Salem, NC
JMR Brothers LLC is a limited liability company (LLC) located at 206 Millers Creek Dr Suite A in Winston Salem, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,395.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
JMR Brothers LLC in Winston Salem, NC received a Paycheck Protection Loan of $25,395 through First National Bank of Pennsylvania, which was approved in June, 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, JMR Brothers LLC's 2019 payroll expenses are estimated to be at least $121,896.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,237 per employee1
Reported PPP Proceed Usage:
On the PPP application, JMR Brothers LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,395
Business Information - JMR Brothers LLC in Winston Salem, NC
206 Millers Creek Dr Suite A
Winston Salem, NC 27127
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Winston Salem
In the Winston Salem area, 6 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 8) and received an average PPP loan of $19,850 (compared to this company's $25,395).
Similar Nearby Businesses Who Received PPP Funding:
Fair Witness LLC
Winston Salem, NC
Swaim's Grocery, Inc
DH Group LLC
Winston Salem, NC
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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, 50% higher than JMR Brothers LLC's reported 8 employees, and received an average PPP loan of $59,863, 136% higher than this company's loan of $25,395.
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Footnotes & Information
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