PPP Loan Data — JD Rotable Sales, Monroe, NC
JD Rotable Sales is a corporation located at 3005 Sagebrush Bend in Monroe, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
JD Rotable Sales in Monroe, NC received a Paycheck Protection Loan of $25,000 through First National Bank of Pennsylvania, 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 March, 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 Rotable Sales' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, JD Rotable Sales reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - JD Rotable Sales in Monroe, NC
3005 Sagebrush Bend
Monroe, NC 28110
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Monroe
In the Monroe area, 42 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 3) and received an average PPP loan of $225,785 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Carolina Development Services, LLC
PC Guru, Lc
Phil Simpson Landscaping Inc
Arey Investment Properties, LLC
Salem Produce LLC
Heathers Touch LLC
First Assembly Of God
True Homes, LLC
Lentz Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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, 100% higher than JD Rotable Sales' reported 3 employees, and received an average PPP loan of $49,465, 98% higher than this company's loan of $25,000.
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