PPP Loan Data — Italian Terrazo And Tile Co. Of Brevard, Melbourne, FL
Italian Terrazo And Tile Co. Of Brevard is a corporation located at 432 S. Babcock St in Melbourne, Florida that received a Coronavirus-related PPP loan from the SBA of $4,880,090.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 492 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Italian Terrazo And Tile Co. Of Brevard received a Paycheck Protection Loan of $4.88M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Italian Terrazo And Tile Co. Of Brevard's total 2019 payroll expenses were approximately $23.42M in order to qualify for the PPP loan amount received.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $47,611 per employee1.
Business Information - Italian Terrazo And Tile Co. Of Brevard in Melbourne, FL
432 S. Babcock St
Melbourne, FL 32901
Home Furnishing Merchant Wholesalers (NAICS code 423220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-08
Industry PPP Comparison Statistics
Nationwide, 3,013 businesses in the "Home Furnishing Merchant Wholesalers" industry received a total of $467,430,448.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 98% lower than Italian Terrazo And Tile Co. Of Brevard's reported 492 employees, and received an average PPP loan of $155,138, 97% lower than this company's loan of $4.88M.
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Footnotes & Information
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