PPP Loan Data — JGB Plantation Park, Natchez, MS
JGB Plantation Park is a limited liability company (LLC) located at 1 Fredrick Rd in Natchez, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as an American indian or alaska native male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
JGB Plantation Park in Natchez, MS received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved in January, 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, JGB Plantation Park's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, JGB Plantation Park reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
- Utilities: $1
Business Information - JGB Plantation Park in Natchez, MS
1 Fredrick Rd
Natchez, MS 39120
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Race: American Indian or Alaska Native
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 Natchez
In the Natchez area, 4 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $12,934 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Camelot MS, LLC
Holiday Apartments Housing LP
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 167% higher than JGB Plantation Park's reported 3 employees, and received an average PPP loan of $70,456, 182% higher than this company's loan of $25,000.
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Footnotes & Information
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