PPP Loan Data — JDM Deli Mart Inc, Bee, VA
JDM Deli Mart Inc is a corporation located at Sandlick Rd in Bee, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,797.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:New Peoples Bank, Inc.
JDM Deli Mart Inc in Bee, VA received a Paycheck Protection Loan of $46,797 through New Peoples Bank, Inc., 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 April, 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, JDM Deli Mart Inc's 2019 payroll expenses are estimated to be at least $224,626.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $13,213 per employee1
Reported PPP Proceed Usage:
On the PPP application, JDM Deli Mart Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,797
Business Information - JDM Deli Mart Inc in Bee, VA
Bee, VA 24217
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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, 65% lower than JDM Deli Mart Inc's reported 17 employees, and received an average PPP loan of $28,488, 39% lower than this company's loan of $46,797.
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Footnotes & Information
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