PPP Loan Data — JD Welding Enterprise LLC, Koloa, HI
JD Welding Enterprise LLC
Location: Koloa, HITweet This • Search All PPP Data
JD Welding Enterprise LLC is a corporation located at 4645 Koloa Rd. in Koloa, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Loan Source Incorporated
JD Welding Enterprise LLC in Koloa, HI received a Paycheck Protection Loan of $25,000 through Loan Source Incorporated, 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 January, 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 Welding Enterprise LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, JD Welding Enterprise LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - JD Welding Enterprise LLC in Koloa, HI
4645 Koloa Rd.
Koloa, HI 96756
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, 250% higher than JD Welding Enterprise LLC's reported 2 employees, and received an average PPP loan of $77,238, 209% higher than this company's loan of $25,000.
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Footnotes & Information
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