PPP Loan Data — JV & Sons, Inc, Tallahassee, FL
JV & Sons, Inc is a subchapter s corporation located at 3651 Hartsfield Rd, in Tallahassee, Florida that received a Coronavirus-related PPP loan from the SBA of $2,210,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
JV & Sons, Inc in Tallahassee, FL received a Paycheck Protection Loan of $2.21M through Regions Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, JV & Sons, Inc's 2019 payroll expenses are estimated to be at least $10.61M.
Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $21,267 per employee1
Reported PPP Proceed Usage:
On the PPP application, JV & Sons, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,210,900
Business Information - JV & Sons, Inc in Tallahassee, FL
3651 Hartsfield Rd,
Tallahassee, FL 32303
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tallahassee
In the Tallahassee area, 57 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 499) and received an average PPP loan of $114,974 (compared to this company's $2.21M).
Similar Nearby Businesses Who Received PPP Funding:
JCG Enterprises Inc
Tally Fresh Mex LLC
RDM W. Pensacola LLC
Hopkins Eatery Inc
GRB Ventures, Inc
Arepana Latin Grill
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than JV & Sons, Inc's reported 499 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $2.21M.
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Footnotes & Information
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