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PPP Loan Data — Johns Eastern Company, Inc., Lakewood Rch, FL

SBA PPP loan data, payroll data, and salaries for Johns Eastern Company, Inc.
FL

Johns Eastern Company, Inc.

Entity: Corporation

Industry: Claims Adjusting

Location: Lakewood Rch, FL

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Johns Eastern Company, Inc. is a corporation located at Po Box 110259 in Lakewood Rch, Florida that received a Coronavirus-related PPP loan from the SBA of $3,721,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.72M

Jobs Retained:

286

Loan Approved:

2020-04-16

Lender:

PNC BANK, NATIONAL ASSOCIATION

Johns Eastern Company, Inc. in Lakewood Rch, FL received a Paycheck Protection Loan of $3.72M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Johns Eastern Company, Inc.'s total 2019 payroll expenses were approximately $17.86M in order to qualify for the PPP loan amount received.

Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $62,459 per employee1.

Because the loan received by Johns Eastern Company, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Johns Eastern Company, Inc. in Lakewood Rch, FL

Johns Eastern Company, Inc.
Po Box 110259
Lakewood Rch, FL 34211

Business Industry

Claims Adjusting (NAICS code 524291)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-16

Similar Companies near Lakewood Rch

In the Lakewood Rch area, 2 businesses in the "Claims Adjusting" industry received a PPP loan. These local businesses reported an average of 144 employees (compared to this company's 286) and received an average PPP loan of $1,869,075 (compared to this company's $3.72M).

Similar Nearby Businesses Who Received PPP Funding:

Roberts Claims Group, Inc.
Bradenton, FL

$16,649 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,142 businesses in the "Claims Adjusting" industry received a total of $175,204,944.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than Johns Eastern Company, Inc.'s reported 286 employees, and received an average PPP loan of $81,795, 98% lower than this company's loan of $3.72M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/johns-eastern-company-inc-lakewood-rch-fl