PPP Loan Data — Jpgt, LLC, Columbus, OH
Entity: Limited Liability Company (LLC)
Location: Columbus, OHTweet This • Search All PPP Data
Jpgt, LLC is a limited liability company (LLC) located at 1500 Automall Drive 0.0 in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,688,960.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Jpgt, LLC in Columbus, OH received a Paycheck Protection Loan of $1.69M through JPMorgan Chase Bank, 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, Jpgt, LLC's 2019 payroll expenses are estimated to be at least $8.11M.
Based on their reported 121 jobs retained, this equals an estimated average yearly compensation of $67,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jpgt, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,266,720
- Utilities: $42,224
- Mortgage Interest: $168,896
- Health Care: $84,448
- Debt Interest: $126,672
Business Information - Jpgt, LLC in Columbus, OH
1500 Automall Drive 0.0
Columbus, OH 43228
Motorcycle, ATV, and All Other Motor Vehicle Dealers
NAICS code 441228
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 9 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 121) and received an average PPP loan of $504,670 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Black Belly's Motor Carriers LLC
KKM Motors LLC
4Seasons Motors Inc
Industry PPP Comparison Statistics
Nationwide, 7,566 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $1.08B 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 14 employees, 88% lower than Jpgt, LLC's reported 121 employees, and received an average PPP loan of $142,979, 92% lower than this company's loan of $1.69M.
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Footnotes & Information
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