PPP Loan Data — JCM Industries Inc, Nash, TX
JCM Industries Inc is a corporation located at 200 Old Boston Rd, in Nash, Texas that received a Coronavirus-related PPP loan from the SBA of $1,773,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
JCM Industries Inc in Nash, TX received a Paycheck Protection Loan of $1.77M through Regions 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, JCM Industries Inc's 2019 payroll expenses are estimated to be at least $8.51M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $60,809 per employee1
Reported PPP Proceed Usage:
On the PPP application, JCM Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,773,600
Business Information - JCM Industries Inc in Nash, TX
200 Old Boston Rd,
Nash, TX 75569
All Other Miscellaneous Manufacturing
NAICS code 339999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Nash
In the Nash area, 2 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 140) and received an average PPP loan of $888,926 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
B&L Trophy Co
Industry PPP Comparison Statistics
Nationwide, 17,359 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B 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, 91% lower than JCM Industries Inc's reported 140 employees, and received an average PPP loan of $118,586, 93% lower than this company's loan of $1.77M.
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Footnotes & Information
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