PPP Loan Data — Moody's Roofing Inc, Jacksonville, FL
Moody's Roofing Inc is a corporation located at 2168 Mccargo Street North in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Moody's Roofing Inc in Jacksonville, FL received a Paycheck Protection Loan of $47,000 through Ameris 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, Moody's Roofing Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moody's Roofing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,000
- Utilities: $7,000
Business Information - Moody's Roofing Inc in Jacksonville, FL
2168 Mccargo Street North
Jacksonville, FL 32220
NAICS code 238160
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 5 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 10) and received an average PPP loan of $31,609 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Graham Roof And Repair Inc
All-Around Roofing Company Inc
Industry PPP Comparison Statistics
Nationwide, 28,905 businesses in the "Roofing Contractors" industry received a total of $2.88B 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 9 employees, 10% lower than Moody's Roofing Inc's reported 10 employees, and received an average PPP loan of $99,538, 112% higher than this company's loan of $47,000.
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Footnotes & Information
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