PPP Loan Data — Jovi Printing LLC, Houston, TX
Jovi Printing LLC is a limited liability company (LLC) located at 11177 Katy Fwy Ste C in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,330.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Jovi Printing LLC in Houston, TX received a Paycheck Protection Loan of $46,330 through JPMorgan Chase Bank, National Association, which was approved in May, 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 June, 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, Jovi Printing LLC's 2019 payroll expenses are estimated to be at least $222,384.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,532 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jovi Printing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,064
- Utilities: $866
- Rent: $8,400
Business Information - Jovi Printing LLC in Houston, TX
11177 Katy Fwy Ste C
Houston, TX 77079
Other Clothing Stores
NAICS code 448190
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 5 businesses in the "Other Clothing Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 12) and received an average PPP loan of $29,298 (compared to this company's $46,330).
Similar Nearby Businesses Who Received PPP Funding:
Dance Trends Inc
Houston Pcx Corp
Industry PPP Comparison Statistics
Nationwide, 19,419 businesses in the "Other Clothing Stores" industry received a total of $642.94M 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 5 employees, 58% lower than Jovi Printing LLC's reported 12 employees, and received an average PPP loan of $33,109, 29% lower than this company's loan of $46,330.
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Footnotes & Information
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