PPP Loan Data — Franklin Family Pharmacy LLC, Franklin, TN
Franklin Family Pharmacy LLC is a limited liability company (LLC) located at 400 Downs Blvd Ste 150 in Franklin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Republic Bank & Trust Company
Franklin Family Pharmacy LLC in Franklin, TN received a Paycheck Protection Loan of $46,900 through Republic Bank & Trust Company, 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 January, 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, Franklin Family Pharmacy LLC's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, Franklin Family Pharmacy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,900
Business Information - Franklin Family Pharmacy LLC in Franklin, TN
400 Downs Blvd Ste 150
Franklin, TN 37064
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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, 300% higher than Franklin Family Pharmacy LLC's reported 3 employees, and received an average PPP loan of $94,214, 101% higher than this company's loan of $46,900.
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Footnotes & Information
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