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PPP Loan Data — JFT Services, LLC, Midland, TX

SBA PPP loan data, payroll data, and salaries for JFT Services, LLC
TX

JFT Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Support Activities for Oil and Gas Operations

Location: Midland, TX

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JFT Services, LLC is a limited liability company (LLC) located in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000.00 in April, 2020.

$ PPP Loan Information
Loan #4221677205

Loan Size:

$10,000

Jobs Retained:

1

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

FirstCapital Bank of Texas, National Association

JFT Services, LLC in Midland, TX received a Paycheck Protection Loan of $10,000 through FirstCapital Bank of Texas, National Association, which was approved in April, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, JFT Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,000

Business Information - JFT Services, LLC in Midland, TX

JFT Services, LLC
Midland, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Midland County, TX — SBA Office 0678 — Congressional District: TX-11

Similar Companies near Midland

In the Midland area, 560 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $296,987 (compared to this company's $10,000).

Industry PPP Comparison Statistics

Nationwide, 29,913 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $4.15B 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, 900% higher than JFT Services, LLC's reported 1 employees, and received an average PPP loan of $138,626, 1286% higher than this company's loan of $10,000.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jft-services-llc-midland-tx