PPP Loan Data — J And J Construction LLC, Dexter, KY
J And J Construction LLC is a limited liability company (LLC) located at 1848 Brooks Chapel Rd in Dexter, Kentucky that received a Coronavirus-related PPP loan from the SBA of $24,850.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Financial Services Bank
J And J Construction LLC in Dexter, KY received a Paycheck Protection Loan of $24,850 through Community Financial Services Bank, which was approved in January, 2021.
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 And J Construction LLC's 2019 payroll expenses are estimated to be at least $119,280.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,820 per employee1
Reported PPP Proceed Usage:
On the PPP application, J And J Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,849
- Utilities: $1
Business Information - J And J Construction LLC in Dexter, KY
1848 Brooks Chapel Rd
Dexter, KY 42036
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Dexter
In the Dexter area, 2 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $14,945 (compared to this company's $24,850).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 25% lower than J And J Construction LLC's reported 4 employees, and received an average PPP loan of $30,405, 22% higher than this company's loan of $24,850.
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Footnotes & Information
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