PPP Loan Data — Louisville Tile Distributors Inc, Louisville, KY
Louisville Tile Distributors Inc
Entity: Subchapter S Corporation
Location: Louisville, KYTweet This • Search All PPP Data
Louisville Tile Distributors Inc is a subchapter s corporation located at 4520 Bishop Ln in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,765,200.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Louisville Tile Distributors Inc received a Paycheck Protection Loan of $2.77M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Louisville Tile Distributors Inc's total 2019 payroll expenses were approximately $13.27M in order to qualify for the PPP loan amount received.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $62,608 per employee1.
Business Information - Louisville Tile Distributors Inc in Louisville, KY
4520 Bishop Ln
Louisville, KY 40218
Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-03
Industry PPP Comparison Statistics
Nationwide, 2,253 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $372,043,686.00 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 13 employees, 94% lower than Louisville Tile Distributors Inc's reported 212 employees, and received an average PPP loan of $165,133, 94% lower than this company's loan of $2.77M.
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