PPP Loan Data — Poppin' Jay Inc, Northbrook, IL
Poppin' Jay Inc is a subchapter s corporation located at 650 Dundee Rd. Suite 250 in Northbrook, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,184,642.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 234 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Poppin' Jay Inc received a Paycheck Protection Loan of $5.18M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
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 234 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.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 249.
Based on standard PPP eligibility rules, Poppin' Jay Inc's total 2019 payroll expenses were approximately $24.89M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 234 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Poppin' Jay Inc in Northbrook, IL
650 Dundee Rd. Suite 250
Northbrook, IL 60062
Marketing Consulting Services (NAICS code 541613)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-10
Similar Companies near Northbrook
In the Northbrook area, 24 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 234) and received an average PPP loan of $256,691 (compared to this company's $5.18M).
Similar Nearby Businesses Who Received PPP Funding:
Meggan Needham DBA None
VK Consulting Inc
Paul F. Weiss Marketing Inc.
Tappa Group Int'L LLC
Belmont Partners Sales, LLC
New Kings Consulting, LLC
The Linderman Media Group
Vernon Hills, IL
Sprout Tek Inc
Vernon Hills, IL
Industry PPP Comparison Statistics
Nationwide, 30,514 businesses in the "Marketing Consulting Services" industry received a total of $1,952,010,997.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Poppin' Jay Inc's reported 234 employees, and received an average PPP loan of $63,971, 99% lower than this company's loan of $5.18M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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