PPP Loan Data — Jaco, Inc, Franklin, MA
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Jaco, Inc is a corporation located at 140 Constitution Blvd in Franklin, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,618,495.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Jaco, Inc in Franklin, MA received a Paycheck Protection Loan of $1.62M through TD Bank, National Association, which was approved in April, 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 June, 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, Jaco, Inc's 2019 payroll expenses are estimated to be at least $7.77M.
Based on their reported 108 jobs retained, this equals an estimated average yearly compensation of $71,933 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jaco, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,618,495
Business Information - Jaco, Inc in Franklin, MA
140 Constitution Blvd
Franklin, MA 2038
Computer Terminal and Other Computer Peripheral Equipment Manufacturing
NAICS code 334118
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 739 businesses in the "Computer Terminal and Other Computer Peripheral Equipment Manufacturing" industry received a total of $152.47M 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 14 employees, 87% lower than Jaco, Inc's reported 108 employees, and received an average PPP loan of $206,318, 87% lower than this company's loan of $1.62M.
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Footnotes & Information
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