PPP Loan Data — Josan Roofing LLC, Pacific, WA
Josan Roofing LLC is a limited liability company (LLC) located at 600 Ellingson Rd Apt E3 in Pacific, Washington that received a Coronavirus-related PPP loan from the SBA of $25,302.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Josan Roofing LLC in Pacific, WA received a Paycheck Protection Loan of $25,302 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Josan Roofing LLC's 2019 payroll expenses are estimated to be at least $121,450.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,483 per employee1
Reported PPP Proceed Usage:
On the PPP application, Josan Roofing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,302
Business Information - Josan Roofing LLC in Pacific, WA
600 Ellingson Rd Apt E3
Pacific, WA 98047
NAICS code 238160
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 28,905 businesses in the "Roofing Contractors" industry received a total of $2.88B 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 9 employees, 200% higher than Josan Roofing LLC's reported 3 employees, and received an average PPP loan of $99,538, 293% higher than this company's loan of $25,302.
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Footnotes & Information
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