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PPP Loan Data — Catlett Tower Partnership, Little Rock, AR

SBA PPP loan data, payroll data, and salaries for Catlett Tower Partnership

Catlett Tower Partnership

Entity: Partnership

Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)

Location: Little Rock, AR

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Catlett Tower Partnership is a partnership located at 323 Center St Ste 1800 in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $68,705.00 in May, 2020.

The company has reported itself as a White owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #6988537704

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Bank of America, National Association

Catlett Tower Partnership in Little Rock, AR received a Paycheck Protection Loan of $68,705 through Bank of America, National Association, which was approved in May, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Catlett Tower Partnership's 2019 payroll expenses are estimated to be at least $329,784.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $47,112 per employee1

Reported PPP Proceed Usage:

On the PPP application, Catlett Tower Partnership reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $68,705

Business Information - Catlett Tower Partnership in Little Rock, AR

Catlett Tower Partnership
323 Center St Ste 1800
Little Rock, AR 72201

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Pulaski County, AR — SBA Office 0669 — Congressional District: AR-02

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Catlett Tower Partnership.

Catlett Inc
Process, Physical Distribution, and Logistics Consulting Services

$19,855 PPP Loan

Catlett Law Firm Plc
Offices of Lawyers

$31,325 PPP Loan

Similar Companies near Little Rock

In the Little Rock area, 14 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 7) and received an average PPP loan of $847,961 (compared to this company's $68,705).

Industry PPP Comparison Statistics

Nationwide, 19,179 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.7B 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 10 employees, 43% higher than Catlett Tower Partnership's reported 7 employees, and received an average PPP loan of $88,564, 29% higher than this company's loan of $68,705.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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** This Document Provided By - The Civil Employee's Resource **