PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — JGS & Sons Management Inc, Grand Prairie, TX

ALERT: There are 2 PPP loans for a total of $58,064 in our database for businesses with the name "JGS & Sons Management Inc" in Grand Prairie, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for JGS & Sons Management Inc
TX

JGS & Sons Management Inc

Entity: Corporation

Industry: Other Management Consulting Services

Location: Grand Prairie, TX

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JGS & Sons Management Inc is a corporation located at 2337 Monteleon St in Grand Prairie, Texas that received a Coronavirus-related PPP loan from the SBA of $29,032.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8470608310

Loan Size:

$29,032

Jobs Retained:

2

Loan Approved:

2021-01-29

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

JGS & Sons Management Inc in Grand Prairie, TX received a Paycheck Protection Loan of $29,032 through Bank of America, National Association, which was approved in January, 2021.

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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, JGS & Sons Management Inc's 2019 payroll expenses are estimated to be at least $139,354.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $69,677 per employee1

Reported PPP Proceed Usage:

On the PPP application, JGS & Sons Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $29,030
  • Utilities: $1

Business Information - JGS & Sons Management Inc in Grand Prairie, TX

JGS & Sons Management Inc
2337 Monteleon St
Grand Prairie, TX 75051

Business Industry:
Other Management Consulting Services
NAICS code 541618

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Grand Prairie

In the Grand Prairie area, 38 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $25,506 (compared to this company's $29,032).

Industry PPP Comparison Statistics

Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 100% higher than JGS & Sons Management Inc's reported 2 employees, and received an average PPP loan of $44,524, 53% higher than this company's loan of $29,032.

SBA PPP loan data, payroll data, and salaries for JGS & Sons Management Inc
TX

JGS & Sons Management Inc

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Grand Prairie, TX

Search All PPP Data

JGS & Sons Management Inc is a corporation located at 310 Se 4th St Ste B in Grand Prairie, Texas that received a Coronavirus-related PPP loan from the SBA of $29,032.00 in June, 2020.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #6211247908

Loan Size:

$29,032

Jobs Retained:

2

Loan Approved:

2020-06-16

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

JGS & Sons Management Inc in Grand Prairie, TX received a Paycheck Protection Loan of $29,032 through Bank of America, National Association, which was approved in June, 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, JGS & Sons Management Inc's 2019 payroll expenses are estimated to be at least $139,354.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $69,677 per employee1

Reported PPP Proceed Usage:

On the PPP application, JGS & Sons Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $29,032

Business Information - JGS & Sons Management Inc in Grand Prairie, TX

JGS & Sons Management Inc
310 Se 4th St Ste B
Grand Prairie, TX 75051

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-33

Similar Companies near Grand Prairie

In the Grand Prairie area, 40 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 2) and received an average PPP loan of $212,164 (compared to this company's $29,032).

Industry PPP Comparison Statistics

Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 400% higher than JGS & Sons Management Inc's reported 2 employees, and received an average PPP loan of $123,520, 325% higher than this company's loan of $29,032.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/jgs-sons-management-inc-grand-prairie-tx