PPP Loan Data — Simply Clean Cleaning Inc, Valparaiso, IN
Simply Clean Cleaning Inc is a subchapter s corporation located at 281 S 500 W in Valparaiso, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Simply Clean Cleaning Inc in Valparaiso, IN received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in August, 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, Simply Clean Cleaning Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Simply Clean Cleaning Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,250
- Rent: $750
Business Information - Simply Clean Cleaning Inc in Valparaiso, IN
281 S 500 W
Valparaiso, IN 46385
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valparaiso
In the Valparaiso area, 12 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $36,206 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
L & T Ventures, LLC
Maria Alvarez De Nava
Ginkgo Enterprises LLC
The Mop Squad LLC
SW. Cleaning Service LLC
Innovative Cleaning Nwi
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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 5 employees, the same amount reported by Simply Clean Cleaning Inc and received an average PPP loan of $30,311, 21% higher than this company's loan of $25,000.
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Footnotes & Information
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