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PPP Loan Data — JPI Construction, Inc.,
San Diego, CA
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 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 Size:
Jobs Retained:
254Loan Approved:
2020-04-28Lender:
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.
Based on standard PPP eligibility rules, JPI Construction, Inc.'s total 2019 payroll expenses were approximately $14.84M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $58,422 per employee1.
Business Information - JPI Construction, Inc. in San Diego, CA
8170 Ronson Road
San Diego, CA 92111
Business Industry
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (NAICS code 532412)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-52Similar Companies near San Diego
In the San Diego area, 2 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 185 employees (compared to this company's 254) and received an average PPP loan of $2,169,500 (compared to this company's $3.09M).
Similar Nearby Businesses Who Received PPP Funding:
Zagami Inc.
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 1,846 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $463,210,891.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 94% lower than JPI Construction, Inc.'s reported 254 employees, and received an average PPP loan of $250,927, 92% 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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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