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PPP Loan Data — Jaco Holding Company, Washington, DC

SBA PPP loan data, payroll data, and salaries for Jaco Holding Company
DC

Jaco Holding Company

Entity: Corporation

Industry: Other Activities Related to Real Estate

Location: Washington, DC

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Jaco Holding Company is a corporation located at 601 13th Street Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,714,627.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

134

Loan Approved:

2020-04-05

Lender:

EAGLEBANK

Jaco Holding Company in Washington, DC received a Paycheck Protection Loan of $2.71M through EAGLEBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jaco Holding Company's total 2019 payroll expenses were approximately $13.03M in order to qualify for the PPP loan amount received.

Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $97,240 per employee1.

Because the loan received by Jaco Holding Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Jaco Holding Company in Washington, DC

Jaco Holding Company
601 13th Street Nw
Washington, DC 20005

Business Industry

Other Activities Related to Real Estate (NAICS code 531390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: DC-

Similar Companies near Washington

In the Washington area, 16 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 134) and received an average PPP loan of $403,991 (compared to this company's $2.71M).

Industry PPP Comparison Statistics

Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 96% lower than Jaco Holding Company's reported 134 employees, and received an average PPP loan of $62,929, 98% lower than this company's loan of $2.71M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jaco-holding-company-washington-dc