PPP Loan Data — Duane Clark DBA Duane A Clark, CPA, Hendersonville, TN
Duane Clark DBA Duane A Clark, CPA is a sole proprietorship located at 75 New Shackle Island Rd #5 in Hendersonville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,288.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Horizon Bank
Duane Clark DBA Duane A Clark, CPA in Hendersonville, TN received a Paycheck Protection Loan of $25,288 through First Horizon 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 May, 2021.
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, Duane Clark DBA Duane A Clark, CPA's 2019 payroll expenses are estimated to be at least $121,382.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,691 per employee1
Reported PPP Proceed Usage:
On the PPP application, Duane Clark DBA Duane A Clark, CPA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,288
Business Information - Duane Clark DBA Duane A Clark, CPA in Hendersonville, TN
75 New Shackle Island Rd #5
Hendersonville, TN 37075
Other Accounting Services
NAICS code 541219
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hendersonville
In the Hendersonville area, 23 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,539 (compared to this company's $25,288).
Similar Nearby Businesses Who Received PPP Funding:
PJM Consulting, LLC
Anita Cranford DBA Jordan Bookkeeping
Industry PPP Comparison Statistics
Nationwide, 64,443 businesses in the "Other Accounting Services" industry received a total of $2.03B 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, 50% higher than Duane Clark DBA Duane A Clark, CPA's reported 2 employees, and received an average PPP loan of $31,571, 25% higher than this company's loan of $25,288.
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Footnotes & Information
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