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PPP Loan Data — R C Joyner III, Memphis, TN

SBA PPP loan data, payroll data, and salaries for R C Joyner III
TN

R C Joyner III

Entity: Sole Proprietorship

Industry: Other Automotive Mechanical and Electrical Repair and Maintenance

Location: Memphis, TN

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R C Joyner III is a sole proprietorship located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $18,255.00 in March, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2140458705

Loan Size:

$18,255

Jobs Retained:

1

Loan Approved:

2021-03-28

Loan Status:

Ongoing Loan

Lender:

Capital Plus Financial, LLC

R C Joyner III in Memphis, TN received a Paycheck Protection Loan of $18,255 through Capital Plus Financial, LLC, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, R C Joyner III reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,252
  • Utilities: $1

Business Information - R C Joyner III in Memphis, TN

R C Joyner III
Memphis, TN
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Shelby County, TN — SBA Office 0474 — Congressional District: TN-09

Similar Companies near Memphis

In the Memphis area, 29 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $19,974 (compared to this company's $18,255).

Industry PPP Comparison Statistics

Nationwide, 22,608 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a total of $645.02M 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 3 employees, 200% higher than R C Joyner III's reported 1 employees, and received an average PPP loan of $28,531, 56% higher than this company's loan of $18,255.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/r-c-joyner-iii-memphis-tn