PPP Loan Data — J & K Precision Construction Inc, Rindge, NH
J & K Precision Construction Inc
Location: Rindge, NHTweet This • Search All PPP Data
J & K Precision Construction Inc is a corporation located at 35 Scotts Lane in Rindge, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $46,725.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
J & K Precision Construction Inc in Rindge, NH received a Paycheck Protection Loan of $46,725 through TD Bank, National Association, which was approved in May, 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 & K Precision Construction Inc's 2019 payroll expenses are estimated to be at least $224,280.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,856 per employee1
Reported PPP Proceed Usage:
On the PPP application, J & K Precision Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,725
Business Information - J & K Precision Construction Inc in Rindge, NH
35 Scotts Lane
Rindge, NH 3461
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Rindge
In the Rindge area, 5 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $52,064 (compared to this company's $46,725).
Similar Nearby Businesses Who Received PPP Funding:
Summit Concrete Floors LLC
Laser Pro Foundations LLC
CAS Construction LLC
Industry PPP Comparison Statistics
Nationwide, 21,801 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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, 160% higher than J & K Precision Construction Inc's reported 5 employees, and received an average PPP loan of $138,620, 197% higher than this company's loan of $46,725.
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Footnotes & Information
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