PPP Loan Data — Professional Business Bureau, Inc, Jackson, MI
Professional Business Bureau, Inc is a corporation located at 821 Greenwood Ave in Jackson, Michigan that received a Coronavirus-related PPP loan from the SBA of $46,069.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:County National Bank
Professional Business Bureau, Inc in Jackson, MI received a Paycheck Protection Loan of $46,069 through County National Bank, which was approved in April, 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, Professional Business Bureau, Inc's 2019 payroll expenses are estimated to be at least $221,131.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,641 per employee1
Reported PPP Proceed Usage:
On the PPP application, Professional Business Bureau, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,855
- Utilities: $2,303
- Mortgage Interest: $6,910
Business Information - Professional Business Bureau, Inc in Jackson, MI
821 Greenwood Ave
Jackson, MI 49203
NAICS code 813910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Jackson
In the Jackson area, 5 businesses in the "Business Associations" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 8) and received an average PPP loan of $35,427 (compared to this company's $46,069).
Similar Nearby Businesses Who Received PPP Funding:
Home Builders Association Of Jackson Inc
Jackson Area Manufacturers Association
Westwood Mall Realty Holding, LLC
Industry PPP Comparison Statistics
Nationwide, 18,409 businesses in the "Business Associations" industry received a total of $1.18B 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 5 employees, 38% lower than Professional Business Bureau, Inc's reported 8 employees, and received an average PPP loan of $64,358, 40% higher than this company's loan of $46,069.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!