PPP Loan Data — Atam Inc DBA Subway # 50946, Gordonsville, TN
Atam Inc DBA Subway # 50946 is a corporation located at 475 Gordonsville Hwy in Gordonsville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,332.00 in April, 2020. This business is a Subway franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank of Lafayette
Atam Inc DBA Subway # 50946 in Gordonsville, TN received a Paycheck Protection Loan of $25,332 through Citizens Bank of Lafayette, which was approved in April, 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, Atam Inc DBA Subway # 50946's 2019 payroll expenses are estimated to be at least $121,594.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,685 per employee1
Reported PPP Proceed Usage:
On the PPP application, Atam Inc DBA Subway # 50946 reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,332
Business Information - Atam Inc DBA Subway # 50946 in Gordonsville, TN
475 Gordonsville Hwy
Gordonsville, TN 38563
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
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, 50% higher than Atam Inc DBA Subway # 50946's reported 14 employees, and received an average PPP loan of $100,980, 299% higher than this company's loan of $25,332.
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Footnotes & Information
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