PPP Loan Data — Mason Jar Label LLC, Decatur, TX
Mason Jar Label LLC
Entity: Limited Liability Company (LLC)
Location: Decatur, TXTweet This • Search All PPP Data
Mason Jar Label LLC is a limited liability company (LLC) located at 2510 N Hwy 287 in Decatur, Texas that received a Coronavirus-related PPP loan from the SBA of $46,231.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Mason Jar Label LLC in Decatur, TX received a Paycheck Protection Loan of $46,231 through Wells Fargo Bank, National Association, which was approved in June, 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, Mason Jar Label LLC's 2019 payroll expenses are estimated to be at least $221,909.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mason Jar Label LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,231
Business Information - Mason Jar Label LLC in Decatur, TX
2510 N Hwy 287
Decatur, TX 76234
Men's and Boys' Clothing and Furnishings Merchant Wholesalers
NAICS code 424320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 8,559 businesses in the "Men's and Boys' Clothing and Furnishings Merchant Wholesalers" industry received a total of $362.36M 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 4 employees, 60% lower than Mason Jar Label LLC's reported 10 employees, and received an average PPP loan of $42,336, 8% lower than this company's loan of $46,231.
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Footnotes & Information
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