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PPP Loan Data — JDS Industries, Inc., Sioux Falls, SD

SBA PPP loan data, payroll data, and salaries for JDS Industries, Inc.

JDS Industries, Inc.

Entity: Corporation

Industry: Other Miscellaneous Durable Goods Merchant Wholesalers

Location: Sioux Falls, SD

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JDS Industries, Inc. is a corporation located at 1800 E 57th St N in Sioux Falls, South Dakota that received a Coronavirus-related PPP loan from the SBA of $3,095,305.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




JDS Industries, Inc. in Sioux Falls, SD received a Paycheck Protection Loan of $3.1M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, JDS Industries, Inc.'s total 2019 payroll expenses were approximately $14.86M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $47,317 per employee1.

Because the loan received by JDS Industries, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - JDS Industries, Inc. in Sioux Falls, SD

JDS Industries, Inc.
1800 E 57th St N
Sioux Falls, SD 57104

Business Industry

Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS code 423990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SD-

Similar Companies near Sioux Falls

In the Sioux Falls area, 4 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 314) and received an average PPP loan of $929,697 (compared to this company's $3.1M).

Industry PPP Comparison Statistics

Nationwide, 12,909 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1,253,322,545.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 97% lower than JDS Industries, Inc.'s reported 314 employees, and received an average PPP loan of $97,089, 97% lower than this company's loan of $3.1M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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** This Document Provided By - The Civil Employee's Resource **