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PPP Loan Data — Johnson & Jordan, Inc., Scarborough, ME

SBA PPP loan data, payroll data, and salaries for Johnson & Jordan, Inc.
ME

Johnson & Jordan, Inc.

Entity: Subchapter S Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Scarborough, ME

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Johnson & Jordan, Inc. is a subchapter s corporation located at 18 Mussey Road in Scarborough, Maine that received a Coronavirus-related PPP loan from the SBA of $3,552,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.55M

Jobs Retained:

292

Loan Approved:

2020-04-09

Lender:

BIDDEFORD SAVINGS, A DIVISION OF

Johnson & Jordan, Inc. received a Paycheck Protection Loan of $3.55M through BIDDEFORD SAVINGS, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Johnson & Jordan, Inc.'s total 2019 payroll expenses were approximately $17.05M in order to qualify for the PPP loan amount received.

Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $58,392 per employee1.

Because the loan received by Johnson & Jordan, 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 - Johnson & Jordan, Inc. in Scarborough, ME

Johnson & Jordan, Inc.
18 Mussey Road
Scarborough, ME 4074

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-01

Similar Companies near Scarborough

In the Scarborough area, 22 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 292) and received an average PPP loan of $370,328 (compared to this company's $3.55M).

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 96% lower than Johnson & Jordan, Inc.'s reported 292 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $3.55M.

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.

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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/johnson-and-jordan-inc-scarborough-me