PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Jack's Glass & Shower Doors Inc, Gardena, CA

ALERT: There are 2 PPP loans for a total of $258,347 in our database for businesses with the name "Jack's Glass & Shower Doors Inc" in Gardena, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Jack's Glass & Shower Doors Inc
CA

Jack's Glass & Shower Doors Inc

Entity: Corporation

Industry: Glass and Glazing Contractors

Location: Gardena, CA

Search All PPP Data

Jack's Glass & Shower Doors Inc is a corporation located at 2121 W 139th St in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $127,245.00 in February, 2021.

The company has reported itself as a White female owned business, and employed at least sixteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #4204288407

Loan Size:

$127,245

Jobs Retained:

16

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Jack's Glass & Shower Doors Inc in Gardena, CA received a Paycheck Protection Loan of $127,245 through JPMorgan Chase 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. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Jack's Glass & Shower Doors Inc's 2019 payroll expenses are estimated to be at least $610,776.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $38,174 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jack's Glass & Shower Doors Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $127,240
  • Utilities: $1

Business Information - Jack's Glass & Shower Doors Inc in Gardena, CA

Jack's Glass & Shower Doors Inc
2121 W 139th St
Gardena, CA 90249

Business Industry:
Glass and Glazing Contractors
NAICS code 238150

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-43

Similar Companies near Gardena

In the Gardena area, 6 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 16) and received an average PPP loan of $253,691 (compared to this company's $127,245).

Industry PPP Comparison Statistics

Nationwide, 7,415 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 25% lower than Jack's Glass & Shower Doors Inc's reported 16 employees, and received an average PPP loan of $144,178, 13% higher than this company's loan of $127,245.

SBA PPP loan data, payroll data, and salaries for Jack's Glass & Shower Doors, Inc
CA

Jack's Glass & Shower Doors, Inc

Entity: Corporation

Industry: Glass Product Manufacturing Made of Purchased Glass

Location: Gardena, CA

Search All PPP Data

Jack's Glass & Shower Doors, Inc is a corporation located at 2121 W 139th St in Gardena, California that received a Coronavirus-related PPP loan from the SBA of $131,102.00 in May, 2020.

The company has reported itself as a White female owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #1335887704

Loan Size:

$131,102

Jobs Retained:

13

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Jack's Glass & Shower Doors, Inc in Gardena, CA received a Paycheck Protection Loan of $131,102 through JPMorgan Chase Bank, National Association, which was approved in May, 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 May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Jack's Glass & Shower Doors, Inc's 2019 payroll expenses are estimated to be at least $629,290.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $48,407 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jack's Glass & Shower Doors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $115,102
  • Utilities: $1,000
  • Rent: $15,000

Business Information - Jack's Glass & Shower Doors, Inc in Gardena, CA

Jack's Glass & Shower Doors, Inc
2121 W 139th St
Gardena, CA 90249

Business Industry:
Glass Product Manufacturing Made of Purchased Glass
NAICS code 327215

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-43

Similar Companies near Gardena

In the Gardena area, 3 businesses in the "Glass Product Manufacturing Made of Purchased Glass" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 13) and received an average PPP loan of $561,434 (compared to this company's $131,102).

Industry PPP Comparison Statistics

Nationwide, 1,212 businesses in the "Glass Product Manufacturing Made of Purchased Glass" industry received a total of $225.72M 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 18 employees, 38% higher than Jack's Glass & Shower Doors, Inc's reported 13 employees, and received an average PPP loan of $186,235, 42% higher than this company's loan of $131,102.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jacks-glass-shower-doors-inc-gardena-ca