PPP Loan Data — Jubilee Construction Services, Mobile, AL
Jubilee Construction Services is a subchapter s corporation located at 69 Glenwood St in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,657.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jubilee Construction Services in Mobile, AL received a Paycheck Protection Loan of $46,657 through Century 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 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, Jubilee Construction Services' 2019 payroll expenses are estimated to be at least $223,954.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,884 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jubilee Construction Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,657
Business Information - Jubilee Construction Services in Mobile, AL
69 Glenwood St
Mobile, AL 36606
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mobile
In the Mobile area, 28 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 9) and received an average PPP loan of $61,722 (compared to this company's $46,657).
Similar Nearby Businesses Who Received PPP Funding:
American Tennis Courts Inc
Shaun Michael Dotson
Fred J Straub
Wells Builders Inc
Lipford Construction Inc
Procision Restoration LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 11% lower than Jubilee Construction Services' reported 9 employees, and received an average PPP loan of $86,076, 84% higher than this company's loan of $46,657.
FederalPay's PPP Information Policy
Footnotes & Information
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