PPP Loan Data — J S Ventures, Inc., Wichita, KS
J S Ventures, Inc. is a corporation located at 2400 N Woodlawn Blvd Ste 230 in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,750,000.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
J S Ventures, Inc. received a Paycheck Protection Loan of $3.75M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, J S Ventures, Inc.'s total 2019 payroll expenses were approximately $18M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $36,000 per employee1.
Business Information - J S Ventures, Inc. in Wichita, KS
2400 N Woodlawn Blvd Ste 230
Wichita, KS 67220
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: KS-04
Similar Companies near Wichita
In the Wichita area, 6 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 500) and received an average PPP loan of $654,131 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
HAI Van LLC
Bel Aire, KS
Felipes Mexican Resturant Northeast
Great Wall 88 Inc
Bel Aire, KS
City Bites Of Kansas, Inc.
BP Food Services LLC
Bel Aire, KS
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than J S Ventures, Inc.'s reported 500 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.75M.
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.
Footnotes & Information
1. 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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