PPP Loan Data — J & D Meat Company, Fresno, CA
J & D Meat Company is a corporation located at 2096 Spruce Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $1,514,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 124 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Southern California, National Association
J & D Meat Company in Fresno, CA received a Paycheck Protection Loan of $1.51M through Bank of Southern California, National Association, 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 December, 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 & D Meat Company's 2019 payroll expenses are estimated to be at least $7.27M.
Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $58,641 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & D Meat Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,136,175
- Utilities: $378,725
Business Information - J & D Meat Company in Fresno, CA
2096 Spruce Ave
Fresno, CA 93711
General Line Grocery Merchant Wholesalers
NAICS code 424410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,428 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $753.1M 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 13 employees, 90% lower than J & D Meat Company's reported 124 employees, and received an average PPP loan of $117,159, 92% lower than this company's loan of $1.51M.
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Footnotes & Information
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