PPP Loan Data — Jerry Lewis, Paris, TN
Jerry Lewis is a limited liability company (LLC) located at 900 Tyson Ave in Paris, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,604,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Security Bank and Trust Company
Jerry Lewis in Paris, TN received a Paycheck Protection Loan of $1.6M through Security Bank and Trust Company, 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 March, 2021.
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, Jerry Lewis' 2019 payroll expenses are estimated to be at least $7.7M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $37,576 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jerry Lewis reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,604,800
Business Information - Jerry Lewis in Paris, TN
900 Tyson Ave
Paris, TN 38242
Exterminating and Pest Control Services
NAICS code 561710
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Paris
In the Paris area, 3 businesses in the "Exterminating and Pest Control Services" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 205) and received an average PPP loan of $538,767 (compared to this company's $1.6M).
Similar Nearby Businesses Who Received PPP Funding:
Ladybugs Termite &Pest Control
Industry PPP Comparison Statistics
Nationwide, 11,446 businesses in the "Exterminating and Pest Control Services" industry received a total of $713.27M 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 8 employees, 96% lower than Jerry Lewis' reported 205 employees, and received an average PPP loan of $62,316, 96% lower than this company's loan of $1.6M.
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Footnotes & Information
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