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PPP Loan Data — Darrin Mcghee,
Memphis, TN
Darrin Mcghee
Entity: Sole Proprietorship
Industry: Other Automotive Mechanical and Electrical Repair and Maintenance
Location: Memphis, TN
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Darrin Mcghee is a sole proprietorship located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $20,670.00 in April, 2021.
The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.
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PPP Loan Information
Loan #8300458800
Loan Size:
Jobs Retained:
1Loan Approved:
2021-04-22Loan Status:
Ongoing LoanLender:
Prestamos CDFI, LLCDarrin Mcghee in Memphis, TN received a Paycheck Protection Loan of $20,670 through Prestamos CDFI, LLC, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Reported PPP Proceed Usage:
On the PPP application, Darrin Mcghee reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,668
- Utilities: $1
Business Information - Darrin Mcghee in Memphis, TN
Memphis, TN
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Other Automotive Mechanical and Electrical Repair and Maintenance
NAICS code 811118
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Darrin Mcghee.
Eddrick Wood
Landscaping Services
Lakeitha Campbell
Beauty Salons
Similar Companies near Memphis
In the Memphis area, 26 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $15,921 (compared to this company's $20,670).
Similar Nearby Businesses Who Received PPP Funding:
Travis Young
Memphis, TN
Frank Clemons
Memphis, TN
Monterio White
Memphis, TN
R C Joyner III
Memphis, TN
Octavius Ware
Memphis, TN
Harry Pinson
Memphis, TN
Rodney Douglas
Memphis, TN
Cortez Watson
Memphis, TN
Marshun Phillips
Memphis, TN
Industry PPP Comparison Statistics
Nationwide, 21,492 businesses in the "Other Automotive Mechanical and Electrical Repair and Maintenance" industry received a total of $625.2M 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, 200% higher than Darrin Mcghee's reported 1 employees, and received an average PPP loan of $29,090, 41% higher than this company's loan of $20,670.
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. Estimations for informational purposes only. 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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