PPP Loan Data — FOX Run Homeowners Association Inc, Hermitage, TN
FOX Run Homeowners Association Inc is a non-profit organization located at 234 Harpers Mill Road in Hermitage, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wilson Bank & Trust
FOX Run Homeowners Association Inc in Hermitage, TN received a Paycheck Protection Loan of $25,000 through Wilson Bank & Trust, which was approved in May, 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, FOX Run Homeowners Association Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, FOX Run Homeowners Association Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - FOX Run Homeowners Association Inc in Hermitage, TN
234 Harpers Mill Road
Hermitage, TN 37076
Other Community Housing Services
NAICS code 624229
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hermitage
In the Hermitage area, 3 businesses in the "Other Community Housing Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $14,667 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Talley Boarding Home, Inc
Industry PPP Comparison Statistics
Nationwide, 3,220 businesses in the "Other Community Housing Services" industry received a total of $446.94M 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 16 employees, 433% higher than FOX Run Homeowners Association Inc's reported 3 employees, and received an average PPP loan of $138,802, 455% higher than this company's loan of $25,000.
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Footnotes & Information
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