PPP Loan Data — Jong Min Bae, Scarsdale, NY
Jong Min Bae is a sole proprietorship located in Scarsdale, New York that received a Coronavirus-related PPP loan from the SBA of $5,000.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Jong Min Bae in Scarsdale, NY received a Paycheck Protection Loan of $5,000 through JPMorgan Chase Bank, National Association, which was approved in June, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Reported PPP Proceed Usage:
On the PPP application, Jong Min Bae reported intending to use the proceeds of their PPP loan for the following expenses:
- Rent: $5,000
Business Information - Jong Min Bae in Scarsdale, NY
* Full address is redacted to protect the privacy of individuals.
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Jong Min Bae.
All Other Personal Services
Heathcote Barber Shop Inc
Child Development Psychology Of
Offices of Mental Health Practitioners (except Physicians)
Similar Companies near Scarsdale
In the Scarsdale area, 27 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 1) and received an average PPP loan of $20,941 (compared to this company's $5,000).
Similar Nearby Businesses Who Received PPP Funding:
OK Ryun Kim
Universal Marketing & Promotions
Imagine Party And Events Inc
Current Home, LLC
Industry PPP Comparison Statistics
Nationwide, 231,198 businesses in the "All Other Personal Services" industry received a total of $5.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 200% higher than Jong Min Bae's reported 1 employees, and received an average PPP loan of $23,842, 377% higher than this company's loan of $5,000.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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