PPP Loan Data — JD Painting & Decorating, Inc, Wailuku, HI
JD Painting & Decorating, Inc is a corporation located at 70 Kanoa St in Wailuku, Hawaii that received a Coronavirus-related PPP loan from the SBA of $2,241,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Pacific Bank
JD Painting & Decorating, Inc in Wailuku, HI received a Paycheck Protection Loan of $2.24M through Central Pacific Bank, 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 June, 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, JD Painting & Decorating, Inc's 2019 payroll expenses are estimated to be at least $10.76M.
Based on their reported 111 jobs retained, this equals an estimated average yearly compensation of $96,917 per employee1
Reported PPP Proceed Usage:
On the PPP application, JD Painting & Decorating, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,241,200
Business Information - JD Painting & Decorating, Inc in Wailuku, HI
70 Kanoa St
Wailuku, HI 96793
Painting and Wall Covering Contractors
NAICS code 238320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wailuku
In the Wailuku area, 15 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 111) and received an average PPP loan of $244,539 (compared to this company's $2.24M).
Similar Nearby Businesses Who Received PPP Funding:
R & M Painting LLC
Elegant Painting Inc
Passion Painting LLC
Passion Painting Inc
Kings Painting LLC
J. Eddy Painting Inc
Malcolm Vincent's Painting LLC
Kolona Painting Inc
Industry PPP Comparison Statistics
Nationwide, 50,571 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.46B 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 5 employees, 95% lower than JD Painting & Decorating, Inc's reported 111 employees, and received an average PPP loan of $48,668, 98% lower than this company's loan of $2.24M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!