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PPP Loan Data — JPI Construction Inc,
San Diego, CA
JPI Construction Inc
Entity: Corporation
Industry: Drywall and Insulation Contractors
Location: San Diego, CA
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JPI Construction Inc is a corporation located at 8170 Ronson Rd Ste C in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as an Asian female owned business, and employed at least 190 people during the applicable loan loan period.
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PPP Loan Information
Loan #4464748410
Loan Size:
Jobs Retained:
190Loan Approved:
2021-02-06Loan Status:
Ongoing LoanLender:
Neighborhood National BankJPI Construction Inc in San Diego, CA received a Paycheck Protection Loan of $2M through Neighborhood National Bank, 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 MoreUnderstanding 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 MoreBased 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, JPI Construction Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $50,526 per employee1
Reported PPP Proceed Usage:
On the PPP application, JPI Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - JPI Construction Inc in San Diego, CA
8170 Ronson Rd Ste C
San Diego, CA 92111
Business Industry:
Drywall and Insulation Contractors
NAICS code 238310
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 6 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 190) and received an average PPP loan of $761,394 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Cutting Edge Drywall, Inc
San Diego, CA
Unique Building Group Inc
San Diego, CA
Adrian Toro
San Diego, CA
Loftus Lath & Plaster
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 18,487 businesses in the "Drywall and Insulation Contractors" industry received a total of $2.42B 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, 94% lower than JPI Construction Inc's reported 190 employees, and received an average PPP loan of $130,832, 93% lower than this company's loan of $2M.
JPI Construction, Inc
Entity: Corporation
Industry: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
Location: San Diego, CA
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JPI Construction, Inc is a corporation located at 8170 Ronson Road Ste C in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $3,091,500.00 in April, 2020.
The company has reported itself as an Asian female owned business, and employed at least 254 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6619327204
Loan Size:
Jobs Retained:
254Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Neighborhood National BankJPI Construction, Inc in San Diego, CA received a Paycheck Protection Loan of $3.09M through Neighborhood 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 August, 2021.
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 MoreUnderstanding 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 MoreBased 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, JPI Construction, Inc's 2019 payroll expenses are estimated to be at least $14.84M.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $58,422 per employee1
Reported PPP Proceed Usage:
On the PPP application, JPI Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,091,500
Business Information - JPI Construction, Inc in San Diego, CA
8170 Ronson Road Ste C
San Diego, CA 92111
Business Industry:
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
NAICS code 532412
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Diego
In the San Diego area, 4 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 254) and received an average PPP loan of $1,380,678 (compared to this company's $3.09M).
Similar Nearby Businesses Who Received PPP Funding:
Zagami Inc
San Diego, CA
Gerard Hardwick
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 13,877 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $845.44M 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 4 employees, 98% lower than JPI Construction, Inc's reported 254 employees, and received an average PPP loan of $60,924, 98% lower than this company's loan of $3.09M.
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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