PPP Loan Data — JPI Transportation, Inc, Monroe, NH
JPI Transportation, Inc is a subchapter s corporation located at 1706 Littleton Rd in Monroe, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $24,810.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
JPI Transportation, Inc in Monroe, NH received a Paycheck Protection Loan of $24,810 through Quontic Bank, which was approved in May, 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, JPI Transportation, Inc's 2019 payroll expenses are estimated to be at least $119,088.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,013 per employee1
Reported PPP Proceed Usage:
On the PPP application, JPI Transportation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,810
Business Information - JPI Transportation, Inc in Monroe, NH
1706 Littleton Rd
Monroe, NH 3771
Scenic and Sightseeing Transportation, Land
NAICS code 487110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,955 businesses in the "Scenic and Sightseeing Transportation, Land" industry received a total of $114.59M 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 9 employees, 29% higher than JPI Transportation, Inc's reported 7 employees, and received an average PPP loan of $58,612, 136% higher than this company's loan of $24,810.
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Footnotes & Information
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