PPP Loan Data — Eastport Holdings LLC, Memphis, TN
Eastport Holdings LLC is a limited liability company (LLC) located at 813 Ridge Lake Blvd in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Eastport Holdings LLC received a Paycheck Protection Loan of $10M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eastport Holdings LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Eastport Holdings LLC in Memphis, TN
813 Ridge Lake Blvd
Memphis, TN 38120
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-08
Similar Companies near Memphis
In the Memphis area, 3 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 167 employees (compared to this company's 500) and received an average PPP loan of $3,349,639 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Randall Fundraising, Inc
The Brand Squad, LLC
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 98% lower than Eastport Holdings LLC's reported 500 employees, and received an average PPP loan of $126,253, 99% lower than this company's loan of $10M.
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Footnotes & Information
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