PPP Loan Data — JP Developer Group LLC, Mcallen, TX
JP Developer Group LLC is a limited liability company (LLC) located in Mcallen, Texas that received a Coronavirus-related PPP loan from the SBA of $10,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas National Bank
JP Developer Group LLC in Mcallen, TX received a Paycheck Protection Loan of $10,100 through Texas National Bank, 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 May, 2021.
Reported PPP Proceed Usage:
On the PPP application, JP Developer Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,100
Business Information - JP Developer Group LLC in Mcallen, TX
* Full address is redacted to protect the privacy of individuals.
NAICS code 237210
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mcallen
In the Mcallen area, 5 businesses in the "Land Subdivision" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $48,120 (compared to this company's $10,100).
Similar Nearby Businesses Who Received PPP Funding:
Domain Development Corp
Riverside Development Services LLC
Esponjas Development, LTD
OC Development LTD
Industry PPP Comparison Statistics
Nationwide, 4,596 businesses in the "Land Subdivision" industry received a total of $468.09M 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 10 employees, 900% higher than JP Developer Group LLC's reported 1 employees, and received an average PPP loan of $101,846, 908% higher than this company's loan of $10,100.
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.
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.
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