PPP Loan Data — Fairview Video Market & Deli, Lewisburg, TN
Fairview Video Market & Deli is a partnership located at 616 Cornersville Road in Lewisburg, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,474.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Fairview Video Market & Deli in Lewisburg, TN received a Paycheck Protection Loan of $25,474 through CB&S 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 February, 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, Fairview Video Market & Deli's 2019 payroll expenses are estimated to be at least $122,275.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,284 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fairview Video Market & Deli reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,926
- Utilities: $2,547
Business Information - Fairview Video Market & Deli in Lewisburg, TN
616 Cornersville Road
Lewisburg, TN 37091
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lewisburg
In the Lewisburg area, 10 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $9,891 (compared to this company's $25,474).
Similar Nearby Businesses Who Received PPP Funding:
Karen Dunnivant DBA Berlin Store
Rock Creek Properties LLC
JAY Meladima LLC
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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 6 employees, 25% lower than Fairview Video Market & Deli's reported 8 employees, and received an average PPP loan of $28,488, 12% higher than this company's loan of $25,474.
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Footnotes & Information
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