PPP Loan Data — Lewisburg Printing, Inc., Lewisburg, TN
Lewisburg Printing, Inc. is a subchapter s corporation located at 170 Woodside Ave in Lewisburg, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,929,909.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 267 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Lewisburg Printing, Inc. in Lewisburg, TN received a Paycheck Protection Loan of $2.93M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lewisburg Printing, Inc.'s total 2019 payroll expenses were approximately $14.06M in order to qualify for the PPP loan amount received.
Based on their reported 267 jobs retained, this equals an estimated average yearly compensation of $52,673 per employee1.
Business Information - Lewisburg Printing, Inc. in Lewisburg, TN
170 Woodside Ave
Lewisburg, TN 37091
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: TN-04
Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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, 96% lower than Lewisburg Printing, Inc.'s reported 267 employees, and received an average PPP loan of $149,024, 95% lower than this company's loan of $2.93M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!