JOB SQUAD INC.
PPP Loan approved Jun 24, 2020 through The Huntington National Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $772,066.00 | 100.0% |
About This Loan
JOB SQUAD INC. received a PPP loan of $772,066 approved on Jun 24, 2020. The loan was originated by The Huntington National Bank.
JOB SQUAD INC. is a non-profit organization located in BRIDGEPORT, West Virginia. At the time of the application, the business was described as "existing or more than 2 years old". This organization is classified as a non-profit.
The business operates in the Employment Services industry (NAICS 561311), part of the Administrative and Support and Waste Management sector of the economy. The applicant reported 175 jobs as retained through this loan.
The SBA forgave $776,233.04 of this loan — 100.5% of the total approved amount, with forgiveness recorded on Feb 3, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $772,066 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in West Virginia, visit the West Virginia page. To compare this loan with others in the same industry, see the Employment Services industry page.