PPP Loan Data — Michael H Jones, Perrysburg, OH
Michael H Jones is an independent contractor located in Perrysburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
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
Michael H Jones in Perrysburg, OH received a Paycheck Protection Loan of $25,000 through Sun FCU, which was approved in April, 2020.
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, Michael H Jones reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Michael H Jones in Perrysburg, OH
* Full address is redacted to protect the privacy of individuals.
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Perrysburg
In the Perrysburg area, 7 businesses in the "Marketing Consulting Services" 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 $30,384 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Karen Black DBA Karen Black
PWG Marketing, LLC
Prime Time Agrimarketing Network Inc
Thrive Ventures, Inc
Venzel Communications Inc
Industry PPP Comparison Statistics
Nationwide, 86,997 businesses in the "Marketing Consulting Services" industry received a total of $3.45B 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 3 employees, 200% higher than Michael H Jones' reported 1 employees, and received an average PPP loan of $39,652, 59% higher than this company's loan of $25,000.
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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