PPP Loan Data — Midas Touch Marketing LLC, Jamaica, NY
Midas Touch Marketing LLC is a limited liability company (LLC) located in Jamaica, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
Midas Touch Marketing LLC in Jamaica, NY received a Paycheck Protection Loan of $25,000 through Celtic Bank Corporation, which was approved in June, 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 June, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
Reported PPP Proceed Usage:
On the PPP application, Midas Touch Marketing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $3,125
- Rent: $3,125
Business Information - Midas Touch Marketing LLC in Jamaica, NY
* Full address is redacted to protect the privacy of individuals.
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jamaica
In the Jamaica area, 234 businesses in the "All Other Personal 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 $19,766 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Perfection By The Pond Beauty Salon & Hair Braiding Inc
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 200% higher than Midas Touch Marketing LLC's reported 1 employees, and received an average PPP loan of $23,676, 5% lower than this company's loan of $25,000.
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Footnotes & Information
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