PPP Loan Data — Patricia Latrice Jackson, Madison, WI
Patricia Latrice Jackson is a sole proprietorship located at 110 Wittwer Rd in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Patricia Latrice Jackson in Madison, WI received a Paycheck Protection Loan of $46,250 through U.S. Bank, National Association, 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, Patricia Latrice Jackson's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patricia Latrice Jackson reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,250
Business Information - Patricia Latrice Jackson in Madison, WI
110 Wittwer Rd
Madison, WI 53714
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Madison
In the Madison area, 32 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $48,654 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Greenway Crossing Montessori School
Play Haven Atlas, LLC
Creek Day School Inc
Stay N Play Family Child Care
Totally Tenders Daycare
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B 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 8 employees, 60% higher than Patricia Latrice Jackson's reported 5 employees, and received an average PPP loan of $41,676, 10% lower than this company's loan of $46,250.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!