PPP Loan Data — Chitty Supply Co, Moultrie, GA
Chitty Supply Co
Location: Moultrie, GATweet This • Search All PPP Data
Chitty Supply Co is a corporation located at 3211 Veterans Pkwy South in Moultrie, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,110.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First, A National Banking Association
Chitty Supply Co in Moultrie, GA received a Paycheck Protection Loan of $25,110 through The First, A National Banking Association, 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 February, 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, Chitty Supply Co's 2019 payroll expenses are estimated to be at least $120,528.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,218 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chitty Supply Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,630
- Utilities: $1,800
- Mortgage Interest: $1,680
Business Information - Chitty Supply Co in Moultrie, GA
3211 Veterans Pkwy South
Moultrie, GA 31788
Roofing, Siding, and Insulation Material Merchant Wholesalers
NAICS code 423330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,755 businesses in the "Roofing, Siding, and Insulation Material Merchant Wholesalers" industry received a total of $223.87M 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 11 employees, 57% higher than Chitty Supply Co's reported 7 employees, and received an average PPP loan of $127,561, 408% higher than this company's loan of $25,110.
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Footnotes & Information
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