PPP Loan Data — Kelly James Services Inc, Oconomowoc, WI
Kelly James Services Inc
Location: Oconomowoc, WITweet This • Search All PPP Data
Kelly James Services Inc is a corporation located at N72 W38196 Lang Rd in Oconomowoc, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Kelly James Services Inc in Oconomowoc, WI received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 April, 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, Kelly James Services Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kelly James Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kelly James Services Inc in Oconomowoc, WI
N72 W38196 Lang Rd
Oconomowoc, WI 53066
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oconomowoc
In the Oconomowoc area, 19 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $51,441 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Lake Country Heating And Cooling, Inc
Express Plumbing LLC
David Anthony's Heating & Cooling LLC
Mark's Heating And Cooling, Inc
Borkenhagen Plumbing & Heating Co. Inc
Waterfoul Plumbing Solutions LLC
Designed Mechanical Inc
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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 10 employees, 400% higher than Kelly James Services Inc's reported 2 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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