PPP Loan Data — Latitude 36 Inc, Franklin, TN
Latitude 36 Inc is a corporation located at 810 Crescent Centre Dr Ste 120 in Franklin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $7,986,395.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Latitude 36 Inc in Franklin, TN received a Paycheck Protection Loan of $7.99M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Latitude 36 Inc's total 2019 payroll expenses were approximately $38.33M in order to qualify for the PPP loan amount received.
Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $93,272 per employee1.
Business Information - Latitude 36 Inc in Franklin, TN
810 Crescent Centre Dr Ste 120
Franklin, TN 37067
Professional Employer Organizations (NAICS code 561330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-07
Industry PPP Comparison Statistics
Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, 91% lower than Latitude 36 Inc's reported 411 employees, and received an average PPP loan of $419,354, 95% lower than this company's loan of $7.99M.
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Footnotes & Information
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