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PPP Loan Data — Commercial Flooring Solutions, Inc., Charlotte, NC

SBA PPP loan data, payroll data, and salaries for Commercial Flooring Solutions, Inc.
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:

$4.53M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-07

Lender:

TOWNE BANK

Commercial 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.

Because the loan received by Commercial Flooring Solutions, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Commercial Flooring Solutions, Inc. in Charlotte, NC

Commercial Flooring Solutions, Inc.
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-12

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/commercial-flooring-solutions-inc-charlotte-nc