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PPP Loan Data — Louisville Tile Distributors Inc, Louisville, KY

SBA PPP loan data, payroll data, and salaries for Louisville Tile Distributors Inc
KY

Louisville Tile Distributors Inc

Entity: Subchapter S Corporation

Industry: Brick, Stone, and Related Construction Material Merchant Wholesalers

Location: Louisville, KY

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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

Loan Size:

$2.77M

Jobs Retained:

212

Loan Approved:

2020-04-14

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.

Because the loan received by Louisville Tile Distributors 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 - Louisville Tile Distributors Inc in Louisville, KY

Louisville Tile Distributors Inc
4520 Bishop Ln
Louisville, KY 40218

Business Industry

Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/louisville-tile-distributors-inc-louisville-ky