PPP Loan Data — Emory Animal Hospital PLLC, Powell, TN
Emory Animal Hospital PLLC is a limited liability company (LLC) located at 2311 W Emory Rd in Powell, Tennessee that received a Coronavirus-related PPP loan from the SBA of $47,025.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Horizon Bank
Emory Animal Hospital PLLC in Powell, TN received a Paycheck Protection Loan of $47,025 through First Horizon Bank, which was approved in April, 2020.
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, Emory Animal Hospital PLLC's 2019 payroll expenses are estimated to be at least $225,720.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,620 per employee1
Reported PPP Proceed Usage:
On the PPP application, Emory Animal Hospital PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,025
Business Information - Emory Animal Hospital PLLC in Powell, TN
2311 W Emory Rd
Powell, TN 37849
NAICS code 541940
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Powell
In the Powell area, 2 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $40,879 (compared to this company's $47,025).
Similar Nearby Businesses Who Received PPP Funding:
Angela Snow DBA Clinton Hwy Veterinary Hospital
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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 12 employees, 100% higher than Emory Animal Hospital PLLC's reported 6 employees, and received an average PPP loan of $91,913, 95% higher than this company's loan of $47,025.
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Footnotes & Information
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