PPP Loan Data — John Frank Romano, Picayune, MS
John Frank Romano is an independent contractor located in Picayune, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,209.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
John Frank Romano in Picayune, MS received a Paycheck Protection Loan of $25,209 through Loan Source Incorporated, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, John Frank Romano reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,184
- Utilities: $3,025
Business Information - John Frank Romano in Picayune, MS
* Full address is redacted to protect the privacy of individuals.
All Other Telecommunications
NAICS code 517919
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Picayune
In the Picayune area, 3 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $22,292 (compared to this company's $25,209).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 10,134 businesses in the "All Other Telecommunications" industry received a total of $909.64M 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, 700% higher than John Frank Romano's reported 1 employees, and received an average PPP loan of $89,761, 256% higher than this company's loan of $25,209.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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