PPP Loan Data — Harrow Health, Inc, Nashville, TN
Harrow Health, Inc is a corporation located at 102 Woodmont Blvd, Suite 610 in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,967,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Harrow Health, Inc in Nashville, TN received a Paycheck Protection Loan of $1.97M through Renasant 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, Harrow Health, Inc's 2019 payroll expenses are estimated to be at least $9.44M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $69,427 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harrow Health, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,967,100
Business Information - Harrow Health, Inc in Nashville, TN
102 Woodmont Blvd, Suite 610
Nashville, TN 37205
Pharmaceutical Preparation Manufacturing
NAICS code 325412
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,941 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $620.3M 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 24 employees, 82% lower than Harrow Health, Inc's reported 136 employees, and received an average PPP loan of $319,580, 84% lower than this company's loan of $1.97M.
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Footnotes & Information
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