PPP Loan Data — Johnbrown, Westtown, PA
Johnbrown is a sole proprietorship located in Westtown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,325.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
Johnbrown in Westtown, PA received a Paycheck Protection Loan of $25,325 through Fulton Bank, National Association, 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, Johnbrown reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,325
Business Information - Johnbrown in Westtown, PA
* Full address is redacted to protect the privacy of individuals.
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 500% higher than Johnbrown's reported 1 employees, and received an average PPP loan of $73,772, 191% higher than this company's loan of $25,325.
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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