PPP Loan Data — JLW Holdings, Inc, Elk Grove, CA
JLW Holdings, Inc is a subchapter s corporation located at 9221 Survey Road in Elk Grove, California that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Stockton
JLW Holdings, Inc in Elk Grove, CA received a Paycheck Protection Loan of $45,900 through Bank of Stockton, 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 April, 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, JLW Holdings, Inc's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $16,948 per employee1
Reported PPP Proceed Usage:
On the PPP application, JLW Holdings, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,425
- Utilities: $5,738
- Mortgage Interest: $5,738
Business Information - JLW Holdings, Inc in Elk Grove, CA
9221 Survey Road
Elk Grove, CA 95624
Sporting Goods Stores
NAICS code 451110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Elk Grove
In the Elk Grove area, 3 businesses in the "Sporting Goods Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 13) and received an average PPP loan of $23,633 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Elk Grove, CA
Industry PPP Comparison Statistics
Nationwide, 13,835 businesses in the "Sporting Goods Stores" industry received a total of $738.33M 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, 38% lower than JLW Holdings, Inc's reported 13 employees, and received an average PPP loan of $53,367, 16% higher than this company's loan of $45,900.
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Footnotes & Information
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