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PPP Loan Data — Commercial Flooring Solutions, Inc.,
Charlotte, NC
Commercial Flooring Solutions, Inc.
Entity: Corporation
Industry: Carpet and Upholstery Cleaning Services
Location: Charlotte, NC
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Commercial Flooring Solutions, Inc. is a corporation located at 3820 Rose Lake Dr. in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,533,700.00 in April, 2020.
The company has reported itself as a White owned business.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-07Lender:
TOWNE BANKCommercial Flooring Solutions, Inc. in Charlotte, NC received a Paycheck Protection Loan of $4.53M through TOWNE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Commercial Flooring Solutions, Inc.'s total 2019 payroll expenses were approximately $21.76M in order to qualify for the PPP loan amount received.
Unlike most businesses, Commercial Flooring Solutions, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Commercial Flooring Solutions, Inc. in Charlotte, NC
3820 Rose Lake Dr.
Charlotte, NC 28217
Business Industry
Carpet and Upholstery Cleaning Services (NAICS code 561740)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-12Similar Companies near Charlotte
In the Charlotte area, 6 businesses in the "Carpet and Upholstery Cleaning Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $859,548 (compared to this company's $4.53M).
Similar Nearby Businesses Who Received PPP Funding:
L & A Clean & Bright LLC
Charlotte, NC
Wilkes Brothers Steamers
Charlotte, NC
The Strack Corporation
Charlotte, NC
Piedmont Steam Company, Inc.
Charlotte, NC
James Byrd DBA Byrd Get Kleen Carpet Cleaning
Charlotte, NC
Industry PPP Comparison Statistics
Nationwide, 5,602 businesses in the "Carpet and Upholstery Cleaning Services" industry received a total of $269,518,245.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, and received an average PPP loan of $48,111, 99% lower than this company's loan of $4.53M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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