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

PPP Loan Data — JNS Residential & Commercial Services, Mckinney, TX

ALERT: There are 2 PPP loans for a total of $50,918 in our database for businesses with the name "JNS Residential & Commercial Services" in Mckinney, 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 JNS Residential & Commercial Services
TX

JNS Residential & Commercial Services

Entity: Limited Liability Company (LLC)

Industry: Commercial and Institutional Building Construction

Location: Mckinney, TX

Search All PPP Data

JNS Residential & Commercial Services is a limited liability company (LLC) located at 6657 Virginia Pkwy in Mckinney, Texas that received a Coronavirus-related PPP loan from the SBA of $32,818.00 in February, 2021.

$ PPP Loan Information
Loan #4101778507

Loan Size:

$32,818

Jobs Retained:

3

Loan Approved:

2021-02-25

Loan Status:

Ongoing Loan

Lender:

Pointbank

JNS Residential & Commercial Services in Mckinney, TX received a Paycheck Protection Loan of $32,818 through Pointbank, which was approved in February, 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, JNS Residential & Commercial Services' 2019 payroll expenses are estimated to be at least $157,526.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $52,509 per employee1

Reported PPP Proceed Usage:

On the PPP application, JNS Residential & Commercial Services reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $32,815
  • Utilities: $1

Business Information - JNS Residential & Commercial Services in Mckinney, TX

JNS Residential & Commercial Services
6657 Virginia Pkwy
Mckinney, TX 75071

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Mckinney

In the Mckinney area, 26 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $110,685 (compared to this company's $32,818).

Industry PPP Comparison Statistics

Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 300% higher than JNS Residential & Commercial Services' reported 3 employees, and received an average PPP loan of $157,325, 379% higher than this company's loan of $32,818.

SBA PPP loan data, payroll data, and salaries for JNS Residential & Commercial Services
TX

JNS Residential & Commercial Services

Entity: Limited Liability Company (LLC)

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Mckinney, TX

Search All PPP Data

JNS Residential & Commercial Services is a limited liability company (LLC) located at 6657 Virginia Parkway in Mckinney, Texas that received a Coronavirus-related PPP loan from the SBA of $18,100.00 in April, 2020.

$ PPP Loan Information
Loan #4595637100

Loan Size:

$18,100

Jobs Retained:

7

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

Independent Bank

JNS Residential & Commercial Services in Mckinney, TX received a Paycheck Protection Loan of $18,100 through Independent Bank, which was approved in April, 2020.

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, JNS Residential & Commercial Services' 2019 payroll expenses are estimated to be at least $86,880.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $12,411 per employee1

Reported PPP Proceed Usage:

On the PPP application, JNS Residential & Commercial Services reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,100

Business Information - JNS Residential & Commercial Services in Mckinney, TX

JNS Residential & Commercial Services
6657 Virginia Parkway
Mckinney, TX 75071

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Mckinney

In the Mckinney area, 37 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $41,936 (compared to this company's $18,100).

Industry PPP Comparison Statistics

Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 29% lower than JNS Residential & Commercial Services' reported 7 employees, and received an average PPP loan of $45,182, 150% higher than this company's loan of $18,100.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jns-residential-commercial-services-mckinney-tx