PPP Loan Data — J.p.s., LLC, Salyersville, KY
J.p.s., LLC is a limited liability company (LLC) located at 40 Elk Crk Rd in Salyersville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,282.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Salyersville National Bank
J.p.s., LLC in Salyersville, KY received a Paycheck Protection Loan of $25,282 through The Salyersville 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 November, 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, J.p.s., LLC's 2019 payroll expenses are estimated to be at least $121,354.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,169 per employee1
Reported PPP Proceed Usage:
On the PPP application, J.p.s., LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,282
Business Information - J.p.s., LLC in Salyersville, KY
40 Elk Crk Rd
Salyersville, KY 41465
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Salyersville
In the Salyersville area, 3 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $12,680 (compared to this company's $25,282).
Similar Nearby Businesses Who Received PPP Funding:
Risner General, LLC
Frenchburg Fuels LLC
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 25% higher than J.p.s., LLC's reported 8 employees, and received an average PPP loan of $45,821, 81% higher than this company's loan of $25,282.
FederalPay's PPP Information Policy
Footnotes & Information
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