PPP Loan Data — JSK Fuels LLC, Lansdale, PA
JSK Fuels LLC
Entity: Limited Liability Company (LLC)
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Lansdale, PATweet This • Search All PPP Data
JSK Fuels LLC is a limited liability company (LLC) located at 204 Tree Line Dr in Lansdale, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,816.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wilmington Savings Fund Society, FSB
JSK Fuels LLC in Lansdale, PA received a Paycheck Protection Loan of $24,816 through Wilmington Savings Fund Society, FSB, 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 March, 2021.
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, JSK Fuels LLC's 2019 payroll expenses are estimated to be at least $119,117.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,706 per employee1
Reported PPP Proceed Usage:
On the PPP application, JSK Fuels LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,816
Business Information - JSK Fuels LLC in Lansdale, PA
204 Tree Line Dr
Lansdale, PA 19446
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
NAICS code 424720
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lansdale
In the Lansdale area, 2 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $159,922 (compared to this company's $24,816).
Similar Nearby Businesses Who Received PPP Funding:
North Penn Gulf LLC
Industry PPP Comparison Statistics
Nationwide, 3,488 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $829.52M 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 23 employees, 667% higher than JSK Fuels LLC's reported 3 employees, and received an average PPP loan of $237,822, 858% higher than this company's loan of $24,816.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!