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

PPP Loan Data — Jason Lautt, Jamestown, ND

ALERT: There are 2 PPP loans for a total of $39,729 in our database for businesses with the name "Jason Lautt" in Jamestown, ND. 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.

Jason Lautt is a self-employed individual located in Jamestown, North Dakota that received a Coronavirus-related PPP loan from the SBA of $24,994.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8408688605

Loan Size:

$24,994

Jobs Retained:

1

Loan Approved:

2021-03-24

Loan Status:

Paid in Full or Forgiven

Lender:

Bank Forward
Likely Employment Reduction3

Jason Lautt in Jamestown, ND received a Paycheck Protection Loan of $24,994 through Bank Forward, 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 August, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Jason Lautt reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,991
  • Utilities: $1

Business Information - Jason Lautt in Jamestown, ND

Jason Lautt
Jamestown, ND
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Stutsman County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Jamestown

In the Jamestown area, 7 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 1) and received an average PPP loan of $303,843 (compared to this company's $24,994).

Industry PPP Comparison Statistics

Nationwide, 22,180 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.26B 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 9 employees, 800% higher than Jason Lautt's reported 1 employees, and received an average PPP loan of $102,092, 308% higher than this company's loan of $24,994.

Jason Lautt is a self-employed individual located in Jamestown, North Dakota that received a Coronavirus-related PPP loan from the SBA of $14,735.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #1320928304

Loan Size:

$14,735

Jobs Retained:

1

Loan Approved:

2021-01-16

Loan Status:

Paid in Full or Forgiven

Lender:

Bank Forward

Jason Lautt in Jamestown, ND received a Paycheck Protection Loan of $14,735 through Bank Forward, which was approved in January, 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 August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Jason Lautt reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,734

Business Information - Jason Lautt in Jamestown, ND

Jason Lautt
Jamestown, ND
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Stutsman County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Jamestown

In the Jamestown area, 7 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 1) and received an average PPP loan of $303,843 (compared to this company's $14,735).

Industry PPP Comparison Statistics

Nationwide, 22,180 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.26B 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 9 employees, 800% higher than Jason Lautt's reported 1 employees, and received an average PPP loan of $102,092, 593% higher than this company's loan of $14,735.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jason-lautt-jamestown-nd