PPP Loan Data — Harrod Brothers, LLC, Nashville, GA
Harrod Brothers, LLC is a limited liability company (LLC) located at 629 Middle School Cir in Nashville, Georgia that received a Coronavirus-related PPP loan from the SBA of $47,162.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers and Merchants Bank
Harrod Brothers, LLC in Nashville, GA received a Paycheck Protection Loan of $47,162 through Farmers and Merchants 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 December, 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, Harrod Brothers, LLC's 2019 payroll expenses are estimated to be at least $226,378.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,580 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harrod Brothers, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,162
Business Information - Harrod Brothers, LLC in Nashville, GA
629 Middle School Cir
Nashville, GA 31639
Water Supply and Irrigation Systems
NAICS code 221310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,645 businesses in the "Water Supply and Irrigation Systems" industry received a total of $428.61M 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 9 employees, 18% lower than Harrod Brothers, LLC's reported 11 employees, and received an average PPP loan of $92,273, 96% higher than this company's loan of $47,162.
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Footnotes & Information
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