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PPP Loan Data — JM Test Systems, Inc., Baton Rouge, LA

SBA PPP loan data, payroll data, and salaries for JM Test Systems, Inc.
LA

JM Test Systems, Inc.

Entity: Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: Baton Rouge, LA

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JM Test Systems, Inc. is a corporation located at 7323 Tom Dr in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,817,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.82M

Jobs Retained:

429

Loan Approved:

2020-04-14

Lender:

REGIONS BANK

JM Test Systems, Inc. in Baton Rouge, LA received a Paycheck Protection Loan of $5.82M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, JM Test Systems, Inc.'s total 2019 payroll expenses were approximately $27.92M in order to qualify for the PPP loan amount received.

Based on their reported 429 jobs retained, this equals an estimated average yearly compensation of $65,089 per employee1.

Because the loan received by JM Test Systems, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - JM Test Systems, Inc. in Baton Rouge, LA

JM Test Systems, Inc.
7323 Tom Dr
Baton Rouge, LA 70806

Business Industry

All Other Professional, Scientific, and Technical Services (NAICS code 541990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-02

Similar Companies near Baton Rouge

In the Baton Rouge area, 14 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 429) and received an average PPP loan of $443,381 (compared to this company's $5.82M).

Industry PPP Comparison Statistics

Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than JM Test Systems, Inc.'s reported 429 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $5.82M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jm-test-systems-inc-baton-rouge-la