PPP Loan Data — J C Acquisitions Inc, Omaha, NE
J C Acquisitions Inc is a corporation located at 9335 J St in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $1,556,837.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Omaha
J C Acquisitions Inc in Omaha, NE received a Paycheck Protection Loan of $1.56M through First National Bank of Omaha, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 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 C Acquisitions Inc's 2019 payroll expenses are estimated to be at least $7.47M.
Based on their reported 101 jobs retained, this equals an estimated average yearly compensation of $73,988 per employee1
Reported PPP Proceed Usage:
On the PPP application, J C Acquisitions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,556,837
Business Information - J C Acquisitions Inc in Omaha, NE
9335 J St
Omaha, NE 68127
Appliance Repair and Maintenance
NAICS code 811412
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 3 businesses in the "Appliance Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 101) and received an average PPP loan of $534,605 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Asap Appliance Repair Inc
Industry PPP Comparison Statistics
Nationwide, 9,602 businesses in the "Appliance Repair and Maintenance" industry received a total of $368.97M 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 5 employees, 95% lower than J C Acquisitions Inc's reported 101 employees, and received an average PPP loan of $38,427, 98% lower than this company's loan of $1.56M.
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Footnotes & Information
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