PPP Loan Data — J.S Bell Inc, Nashville, NC
J.S Bell Inc is a corporation located at 700 East Washington Street in Nashville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $24,981.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seventeen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
J.S Bell Inc in Nashville, NC received a Paycheck Protection Loan of $24,981 through Cross River Bank, which was approved in April, 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 February, 2021.
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.S Bell Inc's 2019 payroll expenses are estimated to be at least $119,909.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $7,053 per employee1
Reported PPP Proceed Usage:
On the PPP application, J.S Bell Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,981
Business Information - J.S Bell Inc in Nashville, NC
700 East Washington Street
Nashville, NC 27856
NAICS code 444130
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: Rural
Industry PPP Comparison Statistics
Nationwide, 8,816 businesses in the "Hardware Stores" industry received a total of $736.15M 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 13 employees, 24% lower than J.S Bell Inc's reported 17 employees, and received an average PPP loan of $83,502, 234% higher than this company's loan of $24,981.
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Footnotes & Information
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