PPP Loan Data — Jones Brothers Drywall, Shoshone, ID
Jones Brothers Drywall is a subchapter s corporation located at 437 N 150 E in Shoshone, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Jones Brothers Drywall in Shoshone, ID received a Paycheck Protection Loan of $25,000 through KeyBank National Association, which was approved in April, 2020.
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, Jones Brothers Drywall's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jones Brothers Drywall reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Jones Brothers Drywall in Shoshone, ID
437 N 150 E
Shoshone, ID 83352
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 18,888 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.43B 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 11 employees, 267% higher than Jones Brothers Drywall's reported 3 employees, and received an average PPP loan of $128,649, 415% higher than this company's loan of $25,000.
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Footnotes & Information
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