PPP Loan Data — J&J No-Limit, Inc, Dallas, TX
J&J No-Limit, Inc is a corporation located at 19009 Preston Rd #112 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First State Bank
J&J No-Limit, Inc in Dallas, TX received a Paycheck Protection Loan of $47,000 through First State 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 February, 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, J&J No-Limit, Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, J&J No-Limit, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,250
- Utilities: $11,750
Business Information - J&J No-Limit, Inc in Dallas, TX
19009 Preston Rd #112
Dallas, TX 75252
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 22 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 12) and received an average PPP loan of $30,988 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Tia's Steam Enrichment
A New Way Meditation, LLC
Hakim & Associates, Inc
Elon Mehr MD PA
Crozier And Moore LLC
KHK Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 17% lower than J&J No-Limit, Inc's reported 12 employees, and received an average PPP loan of $42,878, 9% lower than this company's loan of $47,000.
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Footnotes & Information
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