PPP Loan Data — JAB Properties LLC, Denham Springs, LA
JAB Properties LLC is a limited liability company (LLC) located at 34893 Eagle Ridge Dr in Denham Springs, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as an American indian or alaska native male veteran owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
JAB Properties LLC in Denham Springs, LA received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved 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, JAB Properties LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, JAB Properties LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,999
Business Information - JAB Properties LLC in Denham Springs, LA
34893 Eagle Ridge Dr
Denham Springs, LA 70706
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Denham Springs
In the Denham Springs area, 2 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $31,748 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Denham Springs, LA
Industry PPP Comparison Statistics
Nationwide, 79,334 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.69B 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 4 employees, 33% higher than JAB Properties LLC's reported 3 employees, and received an average PPP loan of $46,456, 86% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!