PPP Loan Data — Jdras, LTD, Goldfield, IA
Jdras, LTD is a corporation located at 1774 Emmett Ave in Goldfield, Iowa that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farm Credit Services of America, ACA
Jdras, LTD in Goldfield, IA received a Paycheck Protection Loan of $24,900 through Farm Credit Services of America, ACA, 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 February, 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, Jdras, LTD's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jdras, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Jdras, LTD in Goldfield, IA
1774 Emmett Ave
Goldfield, IA 50542
NAICS code 111150
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Goldfield
In the Goldfield area, 185 businesses in the "Corn Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $16,490 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Liberty 30 Farm Inc
Arthur D Nordin
Gilmore City, IA
Industry PPP Comparison Statistics
Nationwide, 91,263 businesses in the "Corn Farming" industry received a total of $1.75B 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 2 employees, the same amount reported by Jdras, LTD and received an average PPP loan of $19,196, 23% lower than this company's loan of $24,900.
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