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PPP Loan Data — James Sjaarda,
Sioux Center, IA
James Sjaarda
Entity: Sole Proprietorship
Industry: Corn Farming
Location: Sioux Center, IA
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James Sjaarda is a sole proprietorship located at 590 14h St Se in Sioux Center, Iowa that received a Coronavirus-related PPP loan from the SBA of $23,538.00 in March, 2021.
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PPP Loan Information
Loan #7681768601
Loan Size:
Jobs Retained:
3Loan Approved:
2021-03-24Loan Status:
Paid in Full or ForgivenLender:
American State BankJames Sjaarda in Sioux Center, IA received a Paycheck Protection Loan of $23,538 through American State Bank, which was approved in March, 2021.
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 November, 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 MoreUnderstanding 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 MoreBased 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, James Sjaarda's 2019 payroll expenses are estimated to be at least $112,982.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $37,661 per employee1
Reported PPP Proceed Usage:
On the PPP application, James Sjaarda reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,538
Business Information - James Sjaarda in Sioux Center, IA
590 14h St Se
Sioux Center, IA 51250
Business Industry:
Corn Farming
NAICS code 111150
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Sioux Center
In the Sioux Center area, 69 businesses in the "Corn Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $15,172 (compared to this company's $23,538).
Similar Nearby Businesses Who Received PPP Funding:
Ronald Den Herder
Sioux Center, IA
Ruthanne Ranschau
Sioux Center, IA
Michael Schouten
Sioux Center, IA
Bradley Den Herder
Sioux Center, IA
Delma De Weerd
Sioux Center, IA
Rick Dolieslager
Sioux Center, IA
Samuel Mclauglin
Sioux Center, IA
Van Kley Farming Company
Sioux Center, IA
Steven W. Post
Sioux Center, IA
Industry PPP Comparison Statistics
Nationwide, 91,161 businesses in the "Corn Farming" industry received a total of $1.75B 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 2 employees, 33% lower than James Sjaarda's reported 3 employees, and received an average PPP loan of $19,198, 18% lower than this company's loan of $23,538.
James Sjaarda
Entity: Sole Proprietorship
Industry: Soybean Farming
Location: Sioux Center, IA
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James Sjaarda is a sole proprietorship located in Sioux Center, Iowa that received a Coronavirus-related PPP loan from the SBA of $18,500.00 in April, 2020.
$
PPP Loan Information
Loan #9069617206
Loan Size:
Jobs Retained:
1Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
American State BankJames Sjaarda in Sioux Center, IA received a Paycheck Protection Loan of $18,500 through American State Bank, 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 April, 2021.
Reported PPP Proceed Usage:
On the PPP application, James Sjaarda reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,500
Business Information - James Sjaarda in Sioux Center, IA
Sioux Center, IA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Soybean Farming
NAICS code 111110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Sioux Center
In the Sioux Center area, 38 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,479 (compared to this company's $18,500).
Similar Nearby Businesses Who Received PPP Funding:
Freddie Vogelzang
Sioux Center, IA
Samuel Mclaughlin
Sioux Center, IA
Greg Pennings
Sioux Center, IA
K & J Inc
Sioux Center, IA
Elmer Zomermaand
Sioux Center, IA
Timothy Rus
Sioux Center, IA
Arlin Leusink
Sioux Center, IA
Arlin J Van De Berg
Sioux Center, IA
Christopher Van Der Brink
Sioux Center, IA
Industry PPP Comparison Statistics
Nationwide, 56,818 businesses in the "Soybean Farming" industry received a total of $1.11B 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 2 employees, 100% higher than James Sjaarda's reported 1 employees, and received an average PPP loan of $19,606, 6% higher than this company's loan of $18,500.
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.
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.
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