PPP Loan Data — Patriot Park Mart, Pigeon Forge, TN
Patriot Park Mart is a partnership located at 265 Old Mill Ave in Pigeon Forge, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,463.00 in April, 2020.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Tennessee State Bank
Patriot Park Mart in Pigeon Forge, TN received a Paycheck Protection Loan of $25,463 through Tennessee State Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Patriot Park Mart's 2019 payroll expenses are estimated to be at least $122,222.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,741 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patriot Park Mart reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,370
- Utilities: $2,546
- Mortgage Interest: $2,546
Business Information - Patriot Park Mart in Pigeon Forge, TN
265 Old Mill Ave
Pigeon Forge, TN 37863
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Pigeon Forge
In the Pigeon Forge area, 15 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $36,860 (compared to this company's $25,463).
Similar Nearby Businesses Who Received PPP Funding:
Clabough's Market & Campground, LLC
JAY Radhe Krishna Inc
Pramukh Preet Inc
ATA Enterprise In
Pigeon Forge, TN
Pigeon Forge, TN
My Mart 5
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 233% higher than Patriot Park Mart's reported 3 employees, and received an average PPP loan of $45,821, 80% higher than this company's loan of $25,463.
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Footnotes & Information
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