PPP Loan Data — J C Wall Construction, Inc, Temple, TX
J C Wall Construction, Inc
Location: Temple, TXTweet This • Search All PPP Data
J C Wall Construction, Inc is a corporation located at 8702 Adams Lane in Temple, Texas that received a Coronavirus-related PPP loan from the SBA of $25,330.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
J C Wall Construction, Inc in Temple, TX received a Paycheck Protection Loan of $25,330 through Loan Source Incorporated, which was approved in April, 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 C Wall Construction, Inc's 2019 payroll expenses are estimated to be at least $121,584.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,396 per employee1
Reported PPP Proceed Usage:
On the PPP application, J C Wall Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,330
Business Information - J C Wall Construction, Inc in Temple, TX
8702 Adams Lane
Temple, TX 76502
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Temple
In the Temple area, 11 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $66,940 (compared to this company's $25,330).
Similar Nearby Businesses Who Received PPP Funding:
Eagle Drywall Service, LLC
Gary Karl Jr
LM Armstrong Construction LLC
KAM Homebuilders, LTD
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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, 25% higher than J C Wall Construction, Inc's reported 4 employees, and received an average PPP loan of $45,182, 78% higher than this company's loan of $25,330.
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Footnotes & Information
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