PPP Loan Data — Motebu Hana LLC, Radnor, PA
Motebu Hana LLC is a limited liability company (LLC) located at 226 Radnor Chester Road in Radnor, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020. This business is a Jimmy John's franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Motebu Hana LLC in Radnor, PA received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in April, 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 March, 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, Motebu Hana LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Motebu Hana LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Motebu Hana LLC in Radnor, PA
226 Radnor Chester Road
Radnor, PA 19087
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Radnor
In the Radnor area, 17 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 9) and received an average PPP loan of $65,607 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Ianovale Co., Inc
MSG Wayne, LLC
Vermillion & White Wealth
SER And Associates LLC
S2 Squash2 LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 11% higher than Motebu Hana LLC's reported 9 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $25,000.
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Footnotes & Information
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