PPP Loan Data — J & G Ventures Inc, Littleton, CO
J & G Ventures Inc is a corporation located in Littleton, Colorado that received a Coronavirus-related PPP loan from the SBA of $18,955.00 in February, 2021.
The company has reported itself as a White female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
J & G Ventures Inc in Littleton, CO received a Paycheck Protection Loan of $18,955 through Wells Fargo Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Reported PPP Proceed Usage:
On the PPP application, J & G Ventures Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,955
Business Information - J & G Ventures Inc in Littleton, CO
* Full address is redacted to protect the privacy of individuals.
Crude Petroleum Extraction
NAICS code 211120
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Littleton
In the Littleton area, 5 businesses in the "Crude Petroleum Extraction " industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $18,462 (compared to this company's $18,955).
Similar Nearby Businesses Who Received PPP Funding:
BOW Petroluem Inc. Of Colorado
Fancher Oil II, LLC
Greenwood Village, CO
Fancher Resources, LLC
Greenwood Village, CO
BOW Petroleum Inc Of Colorado
Industry PPP Comparison Statistics
Nationwide, 5,858 businesses in the "Crude Petroleum Extraction " industry received a total of $637.65M 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 7 employees, 600% higher than J & G Ventures Inc's reported 1 employees, and received an average PPP loan of $108,851, 474% higher than this company's loan of $18,955.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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