PPP Loan Data — JDC Co Inc, Swansboro, NC
JDC Co Inc is a subchapter s corporation located at 138 Seth Thomas Ln in Swansboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
JDC Co Inc in Swansboro, NC received a Paycheck Protection Loan of $47,000 through PNC Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, JDC Co Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $15,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, JDC Co Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - JDC Co Inc in Swansboro, NC
138 Seth Thomas Ln
Swansboro, NC 28584
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Swansboro
In the Swansboro area, 5 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 15) and received an average PPP loan of $56,529 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
The Yard Barber Inc
K&P Fireplaces LLC
Harber Marine Construction, Inc
Dixie Contractors, Inc
Cedar Point, NC
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, 47% lower than JDC Co Inc's reported 15 employees, and received an average PPP loan of $86,076, 83% higher than this company's loan of $47,000.
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Footnotes & Information
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