PPP Loan Data — Joseph Bedard, Mechanicsburg, PA
Joseph Bedard is an independent contractor located in Mechanicsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,840.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Members 1st FCU
Joseph Bedard in Mechanicsburg, PA received a Paycheck Protection Loan of $24,840 through Members 1st FCU, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Joseph Bedard reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,840
Business Information - Joseph Bedard in Mechanicsburg, PA
* Full address is redacted to protect the privacy of individuals.
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mechanicsburg
In the Mechanicsburg area, 54 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $17,135 (compared to this company's $24,840).
Similar Nearby Businesses Who Received PPP Funding:
TOD G Shedlosky
John Shannon, Jr
Wjs2 Real Estate Services LLC
Flynn Group, LLC
Robert H Stevens
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B 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 2 employees, 100% higher than Joseph Bedard's reported 1 employees, and received an average PPP loan of $22,469, 10% lower than this company's loan of $24,840.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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