PPP Loan Data — Mister Janitor, Nokesville, VA
Mister Janitor is a sole proprietorship located at 14915 Deepwood Lane in Nokesville, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Mister Janitor in Nokesville, VA received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in May, 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, Mister Janitor's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mister Janitor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mister Janitor in Nokesville, VA
14915 Deepwood Lane
Nokesville, VA 20181
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nokesville
In the Nokesville area, 2 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 12) and received an average PPP loan of $42,133 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 58% lower than Mister Janitor's reported 12 employees, and received an average PPP loan of $30,311, 21% higher than this company's loan of $25,000.
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Footnotes & Information
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