PPP Loan Data — Cutting Edge Construction Inc, Franklin, TN
Cutting Edge Construction Inc
Location: Franklin, TNTweet This • Search All PPP Data
Cutting Edge Construction Inc is a corporation located at 4644 Delta Springs Ln in Franklin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $125,900.00 in April, 2020.
$ PPP Loan Information
Cutting Edge Construction Inc received a Paycheck Protection Loan of $125,900 through RELIANT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cutting Edge Construction Inc's total 2019 payroll expenses were approximately $604,320 in order to qualify for the PPP loan amount received.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $54,938 per employee1.
Business Information - Cutting Edge Construction Inc in Franklin, TN
4644 Delta Springs Ln
Franklin, TN 37064
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-07
Similar Companies near Franklin
In the Franklin area, 25 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 11) and received an average PPP loan of $177,667 (compared to this company's $125,900).
Similar Nearby Businesses Who Received PPP Funding:
Zurich Homes Group, LLC
Willow Branch Partners, LLC
Reality AudioVideo, LLC
Huskey Truss & Building Supply, Inc.
Gentry Homes Inc
Old Hillsboro Building Company LLC
Lampley Concrete, Inc.
Flautt Construction LLC
Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 55% lower than Cutting Edge Construction Inc's reported 11 employees, and received an average PPP loan of $58,566, 53% lower than this company's loan of $125,900.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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