PPP Loan Data — JBM Concrete, Henderson, TX
Location: Henderson, TXTweet This • Search All PPP Data
JBM Concrete is a corporation located at 11285 Cr 2116 N in Henderson, Texas that received a Coronavirus-related PPP loan from the SBA of $25,049.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas Bank and Trust Company
JBM Concrete in Henderson, TX received a Paycheck Protection Loan of $25,049 through Texas Bank and Trust Company, 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 January, 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, JBM Concrete's 2019 payroll expenses are estimated to be at least $120,235.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,039 per employee1
Reported PPP Proceed Usage:
On the PPP application, JBM Concrete reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,049
Business Information - JBM Concrete in Henderson, TX
11285 Cr 2116 N
Henderson, TX 75652
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Henderson
In the Henderson area, 2 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $20,025 (compared to this company's $25,049).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 100% higher than JBM Concrete's reported 6 employees, and received an average PPP loan of $157,325, 528% higher than this company's loan of $25,049.
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