PPP Loan Data — Water Jack Pressure Wash LLC, Duncanville, TX
Water Jack Pressure Wash LLC is a limited liability company (LLC) located at 633 Us Hwy 67 in Duncanville, Texas that received a Coronavirus-related PPP loan from the SBA of $25,186.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Water Jack Pressure Wash LLC in Duncanville, TX received a Paycheck Protection Loan of $25,186 through Quontic Bank, which was approved in June, 2020.
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, Water Jack Pressure Wash LLC's 2019 payroll expenses are estimated to be at least $120,893.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,270 per employee1
Reported PPP Proceed Usage:
On the PPP application, Water Jack Pressure Wash LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,186
Business Information - Water Jack Pressure Wash LLC in Duncanville, TX
633 Us Hwy 67
Duncanville, TX 75137
NAICS code 811192
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 26,021 businesses in the "Car Washes" industry received a total of $986.15M 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 7 employees, the same amount reported by Water Jack Pressure Wash LLC and received an average PPP loan of $37,898, 50% higher than this company's loan of $25,186.
FederalPay's PPP Information Policy
Footnotes & Information
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