PPP Loan Data — Jensen Builders LTD, Fort Dodge, IA
Jensen Builders LTD is a subchapter s corporation located at 1175 S. 32nd Street in Fort Dodge, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,354,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 183 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jensen Builders LTD in Fort Dodge, IA received a Paycheck Protection Loan of $2.35M through Northwest Bank, 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, Jensen Builders LTD's 2019 payroll expenses are estimated to be at least $11.3M.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $61,765 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jensen Builders LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,354,800
Business Information - Jensen Builders LTD in Fort Dodge, IA
1175 S. 32nd Street
Fort Dodge, IA 50501
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Fort Dodge
In the Fort Dodge area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 183) and received an average PPP loan of $1,224,100 (compared to this company's $2.35M).
Similar Nearby Businesses Who Received PPP Funding:
Gehlhausen Construction Inc
Fort Dodge, IA
Industry PPP Comparison Statistics
Nationwide, 16,732 businesses in the "Industrial Building Construction" industry received a total of $2.24B 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 10 employees, 95% lower than Jensen Builders LTD's reported 183 employees, and received an average PPP loan of $134,004, 94% lower than this company's loan of $2.35M.
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Footnotes & Information
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