PPP Loan Data — Jtsac Inc, Sacramento, CA
Jtsac Inc is a subchapter s corporation located at 8499 Gerber Road in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $46,712.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jtsac Inc in Sacramento, CA received a Paycheck Protection Loan of $46,712 through WebBank, which was approved in May, 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 June, 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, Jtsac Inc's 2019 payroll expenses are estimated to be at least $224,218.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,031 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jtsac Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,712
Business Information - Jtsac Inc in Sacramento, CA
8499 Gerber Road
Sacramento, CA 95828
All Other Specialty Food Stores
NAICS code 445299
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 6 businesses in the "All Other Specialty Food Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $35,446 (compared to this company's $46,712).
Similar Nearby Businesses Who Received PPP Funding:
Dodd Investments Inc
Industry PPP Comparison Statistics
Nationwide, 13,977 businesses in the "All Other Specialty Food Stores" industry received a total of $690.79M 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 11 employees, 57% higher than Jtsac Inc's reported 7 employees, and received an average PPP loan of $49,423, 6% higher than this company's loan of $46,712.
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Footnotes & Information
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