PPP Loan Data — Brister Brothers, Inc, Grenada, MS
Brister Brothers, Inc is a corporation located at 1117 Sunset Dr in Grenada, Mississippi that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Brister Brothers, Inc in Grenada, MS received a Paycheck Protection Loan of $46,200 through Regions 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 January, 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, Brister Brothers, Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brister Brothers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Brister Brothers, Inc in Grenada, MS
1117 Sunset Dr
Grenada, MS 38901
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Grenada
In the Grenada area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $29,028 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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, 80% higher than Brister Brothers, Inc's reported 5 employees, and received an average PPP loan of $90,010, 95% higher than this company's loan of $46,200.
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Footnotes & Information
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