PPP Loan Data — Pepperjax Development LLC, Kearney, NE
Pepperjax Development LLC is a limited liability company (LLC) located at 203 W 22nd Street in Kearney, Nebraska that received a Coronavirus-related PPP loan from the SBA of $1,899,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First State Bank Nebraska
Pepperjax Development LLC in Kearney, NE received a Paycheck Protection Loan of $1.9M through First State Bank Nebraska, 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, Pepperjax Development LLC's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $18,304 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pepperjax Development LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,425,000
- Utilities: $13,000
- Rent: $461,000
Business Information - Pepperjax Development LLC in Kearney, NE
203 W 22nd Street
Kearney, NE 68845
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kearney
In the Kearney area, 12 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 498) and received an average PPP loan of $232,312 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
AEJ Investments LLC
Gcjj Enterprises LLC
Casper Mountain Enterprises LLC
SDI Of Kearney, Inc
Central Nebraska Management Inc
Sbjj Investments LLC
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 Pepperjax Development LLC's reported 498 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $1.9M.
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Footnotes & Information
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