PPP Loan Data — JAG Textile Company, Fort Lauderdale, FL
JAG Textile Company
Location: Fort Lauderdale, FLTweet This • Search All PPP Data
JAG Textile Company is a corporation located at 3349 Water Oak St in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $24,992.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
JAG Textile Company in Fort Lauderdale, FL received a Paycheck Protection Loan of $24,992 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 March, 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, JAG Textile Company's 2019 payroll expenses are estimated to be at least $119,962.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,987 per employee1
Reported PPP Proceed Usage:
On the PPP application, JAG Textile Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,992
Business Information - JAG Textile Company in Fort Lauderdale, FL
3349 Water Oak St
Fort Lauderdale, FL 33312
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers
NAICS code 424310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 2 businesses in the "Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers" 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 $20,136 (compared to this company's $24,992).
Similar Nearby Businesses Who Received PPP Funding:
Go Green Hemp LLC
Industry PPP Comparison Statistics
Nationwide, 3,874 businesses in the "Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers" industry received a total of $303.26M 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 8 employees, 167% higher than JAG Textile Company's reported 3 employees, and received an average PPP loan of $78,280, 213% higher than this company's loan of $24,992.
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Footnotes & Information
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