PPP Loan Data — Hasty Carpet Co. Inc, Saint Augustine, FL
Hasty Carpet Co. Inc is a corporation located at 1670 Us Hwy 1 South in Saint Augustine, Florida that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Hasty Carpet Co. Inc in Saint Augustine, FL received a Paycheck Protection Loan of $46,900 through Ameris Bank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Hasty Carpet Co. Inc's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hasty Carpet Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,520
- Utilities: $9,380
Business Information - Hasty Carpet Co. Inc in Saint Augustine, FL
1670 Us Hwy 1 South
Saint Augustine, FL 32084
Floor Covering Stores
NAICS code 442210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 8,871 businesses in the "Floor Covering Stores" industry received a total of $765.8M 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, 29% higher than Hasty Carpet Co. Inc's reported 7 employees, and received an average PPP loan of $86,327, 84% higher than this company's loan of $46,900.
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Footnotes & Information
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