PPP Loan Data — J&R Film Co., Inc, Burbank, CA
J&R Film Co., Inc
Location: Burbank, CATweet This • Search All PPP Data
J&R Film Co., Inc is a corporation located at 1015 N Hollywood Way 0.0 in Burbank, California that received a Coronavirus-related PPP loan from the SBA of $1,806,882.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
J&R Film Co., Inc in Burbank, CA received a Paycheck Protection Loan of $1.81M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, J&R Film Co., Inc's 2019 payroll expenses are estimated to be at least $8.67M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $51,625 per employee1
Reported PPP Proceed Usage:
On the PPP application, J&R Film Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,171,831
- Utilities: $56,500
- Mortgage Interest: $34,392
- Rent: $472,161
- Health Care: $71,998
Business Information - J&R Film Co., Inc in Burbank, CA
1015 N Hollywood Way 0.0
Burbank, CA 91505
Photographic Equipment and Supplies Merchant Wholesalers
NAICS code 423410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burbank
In the Burbank area, 9 businesses in the "Photographic Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 168) and received an average PPP loan of $523,753 (compared to this company's $1.81M).
Similar Nearby Businesses Who Received PPP Funding:
Band Pro Film & Digital, Inc
Small Format Film & Video
Hot Rod Cameras, LLC
16 X 9 Inc
J & R Film Co. Inc
Industry PPP Comparison Statistics
Nationwide, 821 businesses in the "Photographic Equipment and Supplies Merchant Wholesalers" industry received a total of $76.67M 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 8 employees, 95% lower than J&R Film Co., Inc's reported 168 employees, and received an average PPP loan of $93,386, 95% lower than this company's loan of $1.81M.
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