PPP Loan Data — JRC Mechanical LLC, Chesapeake, VA
JRC Mechanical LLC
Entity: Limited Liability Company (LLC)
Location: Chesapeake, VATweet This • Search All PPP Data
JRC Mechanical LLC is a limited liability company (LLC) located at 1701 S Park Ct Ste 101 in Chesapeake, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,838,000.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
JRC Mechanical LLC in Chesapeake, VA received a Paycheck Protection Loan of $2.84M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, JRC Mechanical LLC's total 2019 payroll expenses were approximately $13.62M in order to qualify for the PPP loan amount received.
Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $51,994 per employee1.
Business Information - JRC Mechanical LLC in Chesapeake, VA
1701 S Park Ct Ste 101
Chesapeake, VA 23320
Other Automotive Mechanical and Electrical Repair and Maintenance (NAICS code 811118)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-03
Similar Companies near Chesapeake
In the Chesapeake area, 3 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 262) and received an average PPP loan of $976,833 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Down Hill From Here, LLC
Auto Envy Custom Mods Inc
Industry PPP Comparison Statistics
Nationwide, 7,491 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a total of $352,137,057.00 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 4 employees, 98% lower than JRC Mechanical LLC's reported 262 employees, and received an average PPP loan of $47,008, 98% lower than this company's loan of $2.84M.
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