PPP Loan Data — J & A Irrigation, Edmond, OK
J & A Irrigation is a sole proprietorship located at 16401 Grey Owl Blvd in Edmond, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,955.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:True Sky CU
J & A Irrigation in Edmond, OK received a Paycheck Protection Loan of $24,955 through True Sky CU, 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, J & A Irrigation's 2019 payroll expenses are estimated to be at least $119,784.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,112 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & A Irrigation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,716
- Utilities: $3,119
- Rent: $3,119
Business Information - J & A Irrigation in Edmond, OK
16401 Grey Owl Blvd
Edmond, OK 73013
Water Supply and Irrigation Systems
NAICS code 221310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Edmond
In the Edmond area, 3 businesses in the "Water Supply and Irrigation Systems" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 7) and received an average PPP loan of $79,352 (compared to this company's $24,955).
Similar Nearby Businesses Who Received PPP Funding:
Haynes Pump And Process, LLC
Quality Irrigation, Inc
Industry PPP Comparison Statistics
Nationwide, 4,645 businesses in the "Water Supply and Irrigation Systems" industry received a total of $428.61M 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 9 employees, 29% higher than J & A Irrigation's reported 7 employees, and received an average PPP loan of $92,273, 270% higher than this company's loan of $24,955.
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Footnotes & Information
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