PPP Loan Data — JCH Investments, Inc, Jacksonville, AR
JCH Investments, Inc is a subchapter s corporation located at 6411 John Harden in Jacksonville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
JCH Investments, Inc in Jacksonville, AR received a Paycheck Protection Loan of $24,900 through Simmons Bank, which was approved in April, 2020.
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, JCH Investments, Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, JCH Investments, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - JCH Investments, Inc in Jacksonville, AR
6411 John Harden
Jacksonville, AR 72076
Motor Vehicle Towing
NAICS code 488410
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 3 businesses in the "Motor Vehicle Towing" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $25,157 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Ryno Towing And Recovery Inc
Jacksonville Starter & Alternator, Inc
Industry PPP Comparison Statistics
Nationwide, 17,547 businesses in the "Motor Vehicle Towing" industry received a total of $912.17M 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 6 employees, 20% higher than JCH Investments, Inc's reported 5 employees, and received an average PPP loan of $51,984, 109% higher than this company's loan of $24,900.
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Footnotes & Information
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