PPP Loan Data — J & G Inc, Bismarck, ND
J & G Inc
Location: Bismarck, NDTweet This • Search All PPP Data
J & G Inc is a corporation located at 529 E Broadway Ave in Bismarck, North Dakota that received a Coronavirus-related PPP loan from the SBA of $45,995.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Gate City Bank
J & G Inc in Bismarck, ND received a Paycheck Protection Loan of $45,995 through Gate City Bank, 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 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 & G Inc's 2019 payroll expenses are estimated to be at least $220,776.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,155 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & G Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,995
Business Information - J & G Inc in Bismarck, ND
529 E Broadway Ave
Bismarck, ND 58501
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bismarck
In the Bismarck area, 6 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $42,816 (compared to this company's $45,995).
Similar Nearby Businesses Who Received PPP Funding:
Arrowhead Plaza Drug, Inc
The Staiger Consulting Group, Inc
Spas Etc LLC
Captain Awesome, Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 20% lower than J & G Inc's reported 5 employees, and received an average PPP loan of $34,329, 25% lower than this company's loan of $45,995.
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Footnotes & Information
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