PPP Loan Data — North County Loan & Jewelry Co, Saint Louis, MO
North County Loan & Jewelry Co is a corporation located at 8950 W. Florissant Ave in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:St. Johns Bank and Trust Company
North County Loan & Jewelry Co in Saint Louis, MO received a Paycheck Protection Loan of $25,300 through St. Johns Bank and Trust Company, 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 November, 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, North County Loan & Jewelry Co's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,288 per employee1
Reported PPP Proceed Usage:
On the PPP application, North County Loan & Jewelry Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,290
- Utilities: $1,210
- Rent: $3,800
Business Information - North County Loan & Jewelry Co in Saint Louis, MO
8950 W. Florissant Ave
Saint Louis, MO 63136
Used Merchandise Stores
NAICS code 453310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Saint Louis
In the Saint Louis area, 2 businesses in the "Used Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $12,705 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Saint Louis, MO
Industry PPP Comparison Statistics
Nationwide, 12,348 businesses in the "Used Merchandise Stores" industry received a total of $577.39M 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 8 employees, 60% higher than North County Loan & Jewelry Co's reported 5 employees, and received an average PPP loan of $46,760, 85% higher than this company's loan of $25,300.
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Footnotes & Information
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