Lewisburg Printing, Inc. in Lewisburg, TN - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Lewisburg Printing, Inc., Lewisburg, TN

Lewisburg Printing, Inc.

Entity: Subchapter S Corporation

Industry: Commercial Printing (except Screen and Books)

Location: 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

Loan Size:

$2.93M

Jobs Retained:

267

Loan Approved:

2020-04-09

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.

Because the loan received by Lewisburg Printing, Inc. 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 - Lewisburg Printing, Inc. in Lewisburg, TN

Lewisburg Printing, Inc.
170 Woodside Ave
Lewisburg, TN 37091

Business Industry

Commercial Printing (except Screen and Books) (NAICS code 323111)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

Search FederalPay's Full PPP Loan Database

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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