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PPP Loan Data — J&Gk Investments, LP,
Mckinney, TX
J&Gk Investments, LP
Entity: Limited Liability Company (LLC)
Industry: Specialized Freight (except Used Goods) Trucking, Local
Location: Mckinney, TX
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J&Gk Investments, LP is a limited liability company (LLC) located at 1650 W Virginia St in Mckinney, Texas that received a Coronavirus-related PPP loan from the SBA of $3,241,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
298Loan Approved:
2020-04-08Lender:
FIRST UNITED BANK AND TRUST COMPANYJ&Gk Investments, LP in Mckinney, TX received a Paycheck Protection Loan of $3.24M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, J&Gk Investments, LP's total 2019 payroll expenses were approximately $15.56M in order to qualify for the PPP loan amount received.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $52,207 per employee1.
Business Information - J&Gk Investments, LP in Mckinney, TX
1650 W Virginia St
Mckinney, TX 75069
Business Industry
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-03Similar Companies near Mckinney
In the Mckinney area, 3 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 298) and received an average PPP loan of $1,140,923 (compared to this company's $3.24M).
Similar Nearby Businesses Who Received PPP Funding:
Axel And Wheel Trucking
Little Elm, TX
C.C.S.Z., Incorporated
Mckinney, TX
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 98% lower than J&Gk Investments, LP's reported 298 employees, and received an average PPP loan of $85,295, 97% lower than this company's loan of $3.24M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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