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PPP Loan Data — JLP Construction, Inc, Wichita, KS

SBA PPP loan data, payroll data, and salaries for JLP Construction, Inc
KS

JLP Construction, Inc

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Wichita, KS

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JLP Construction, Inc is a corporation located at 2937 S Kansas Ave in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $75,400.00 in April, 2020.

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

$ PPP Loan Information

Loan Size:

$75,400

Jobs Retained:

14

Loan Approved:

2020-04-27

Lender:

HEARTLAND CU

JLP Construction, Inc received a Paycheck Protection Loan of $75,400 through HEARTLAND CU, which was approved in April, 2020.

Based on standard PPP eligibility rules, JLP Construction, Inc's total 2019 payroll expenses were approximately $361,920 in order to qualify for the PPP loan amount received.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $25,851 per employee1.

Business Information - JLP Construction, Inc in Wichita, KS

JLP Construction, Inc
2937 S Kansas Ave
Wichita, KS 67216

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-04

Similar Companies near Wichita

In the Wichita area, 7 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 14) and received an average PPP loan of $598,588 (compared to this company's $75,400).

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 7% lower than JLP Construction, Inc's reported 14 employees, and received an average PPP loan of $203,235, 170% higher than this company's loan of $75,400.

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. 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/jlp-construction-inc-wichita-ks