PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Jollys Pharmacy, Inc., Renton, WA

SBA PPP loan data, payroll data, and salaries for Jollys Pharmacy, Inc.
WA

Jollys Pharmacy, Inc.

Entity: Corporation

Industry: Pharmacies and Drug Stores

Location: Renton, WA

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Jollys Pharmacy, Inc. is a corporation located at 1412 43rd St, Ste 120 in Renton, Washington that received a Coronavirus-related PPP loan from the SBA of $3,344,103.00 in April, 2020.

The company has reported itself as a Black or african american male owned business.

$ PPP Loan Information

Loan Size:

$3.34M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-29

Lender:

COLUMBIA STATE BANK

Jollys Pharmacy, Inc. in Renton, WA received a Paycheck Protection Loan of $3.34M through COLUMBIA STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jollys Pharmacy, Inc.'s total 2019 payroll expenses were approximately $16.05M in order to qualify for the PPP loan amount received.

Unlike most businesses, Jollys Pharmacy, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Jollys Pharmacy, 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 - Jollys Pharmacy, Inc. in Renton, WA

Jollys Pharmacy, Inc.
1412 43rd St, Ste 120
Renton, WA 98057

Business Industry

Pharmacies and Drug Stores (NAICS code 446110)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WA-09

Similar Companies near Renton

In the Renton area, 2 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $1,678,752 (compared to this company's $3.34M).

Similar Nearby Businesses Who Received PPP Funding:

Prime Pharmacy Corporation
Renton, WA

$13,400 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 14,099 businesses in the "Pharmacies and Drug Stores" industry received a total of $1,400,178,844.00 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 10 employees, and received an average PPP loan of $99,311, 97% lower than this company's loan of $3.34M.

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/jollys-pharmacy-inc-renton-wa