PPP Loan Data — Jcord LLC, Henderson, NV
Jcord LLC is a limited liability company (LLC) located at 1226 Wigwam Pkwy in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $1,564,612.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Jcord LLC in Henderson, NV received a Paycheck Protection Loan of $1.56M through Bank of the West, 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, Jcord LLC's 2019 payroll expenses are estimated to be at least $7.51M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $75,101 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jcord LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,564,612
Business Information - Jcord LLC in Henderson, NV
1226 Wigwam Pkwy
Henderson, NV 89074
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Henderson
In the Henderson area, 8 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 100) and received an average PPP loan of $252,027 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Southwestern Custom Construction LLC
Perma Treat Inc
Quagga D LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 92% lower than Jcord LLC's reported 100 employees, and received an average PPP loan of $86,076, 94% lower than this company's loan of $1.56M.
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Footnotes & Information
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