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PPP Loan Data — Italian Terrazo And Tile Co. Of Brevard, Melbourne, FL

SBA PPP loan data, payroll data, and salaries for Italian Terrazo And Tile Co. Of Brevard
FL

Italian Terrazo And Tile Co. Of Brevard

Entity: Corporation

Industry: Home Furnishing Merchant Wholesalers

Location: Melbourne, FL

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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

Loan Size:

$4.88M

Jobs Retained:

492

Loan Approved:

2020-04-09

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.

Because the loan received by Italian Terrazo And Tile Co. Of Brevard is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Italian Terrazo And Tile Co. Of Brevard in Melbourne, FL

Italian Terrazo And Tile Co. Of Brevard
432 S. Babcock St
Melbourne, FL 32901

Business Industry

Home Furnishing Merchant Wholesalers (NAICS code 423220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/italian-terrazo-and-tile-co-of-brevard-melbourne-fl