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PPP Loan Data — Luna Custom Homes LLC, Franklin, TN

SBA PPP loan data, payroll data, and salaries for Luna Custom Homes LLC
TN

Luna Custom Homes LLC

Entity: Limited Liability Company (LLC)

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Franklin, TN

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Luna Custom Homes LLC is a limited liability company (LLC) located at 103 Forrest Crossing Blvd Ste 204 in Franklin, Tennessee that received a Coronavirus-related PPP loan from the SBA of $39,355.00 in June, 2020.

The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$39,355

Jobs Retained:

3

Loan Approved:

2020-06-05

Lender:

NORTHEAST BANK

Luna Custom Homes LLC received a Paycheck Protection Loan of $39,355 through NORTHEAST BANK, which was approved in June, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Luna Custom Homes LLC's total 2019 payroll expenses were approximately $188,904 in order to qualify for the PPP loan amount received.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $62,968 per employee1.

Business Information - Luna Custom Homes LLC in Franklin, TN

Luna Custom Homes LLC
103 Forrest Crossing Blvd Ste 204
Franklin, TN 37064

Business Industry

New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TN-07

Similar Companies near Franklin

In the Franklin area, 25 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 3) and received an average PPP loan of $177,667 (compared to this company's $39,355).

Industry PPP Comparison Statistics

Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 67% higher than Luna Custom Homes LLC's reported 3 employees, and received an average PPP loan of $58,566, 49% higher than this company's loan of $39,355.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/luna-custom-homes-llc-franklin-tn