PPP Loan Data — Charles Turney Enterprises Inc, Little Rock, AR
Charles Turney Enterprises Inc is a subchapter s corporation located at 3723 Cantrell Rd. in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Charles Turney Enterprises Inc in Little Rock, AR received a Paycheck Protection Loan of $46,800 through Bank OZK, 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, Charles Turney Enterprises Inc's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $16,046 per employee1
Reported PPP Proceed Usage:
On the PPP application, Charles Turney Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Charles Turney Enterprises Inc in Little Rock, AR
3723 Cantrell Rd.
Little Rock, AR 72202
Other Gasoline Stations
NAICS code 447190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,490 businesses in the "Other Gasoline Stations" industry received a total of $343.18M 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, 36% lower than Charles Turney Enterprises Inc's reported 14 employees, and received an average PPP loan of $52,878, 13% higher than this company's loan of $46,800.
FederalPay's PPP Information Policy
Footnotes & Information
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