PPP Loan Data — Collier Shot Corp, Gallatin, TN
Collier Shot Corp is a corporation located at 247 Brookhaven Dr in Gallatin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Collier Shot Corp in Gallatin, TN received a Paycheck Protection Loan of $25,000 through Fifth Third 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 November, 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, Collier Shot Corp's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 34 jobs retained, this equals an estimated average yearly compensation of $3,529 per employee1
Reported PPP Proceed Usage:
On the PPP application, Collier Shot Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Collier Shot Corp in Gallatin, TN
247 Brookhaven Dr
Gallatin, TN 37066
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gallatin
In the Gallatin area, 26 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 34) and received an average PPP loan of $40,097 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Goodbye Bodyfat Cool Springs LLC
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, 91% lower than Collier Shot Corp's reported 34 employees, and received an average PPP loan of $23,334, 7% lower than this company's loan of $25,000.
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Footnotes & Information
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