PPP Loan Data — PC Of Mind Technologies, LLC, Knoxville, TN
PC Of Mind Technologies, LLC
Entity: Limited Liability Company (LLC)
Location: Knoxville, TNTweet This • Search All PPP Data
PC Of Mind Technologies, LLC is a limited liability company (LLC) located at 301 South Gallaher View Road in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,045.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
PC Of Mind Technologies, LLC in Knoxville, TN received a Paycheck Protection Loan of $25,045 through Celtic Bank Corporation, which was approved in June, 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, PC Of Mind Technologies, LLC's 2019 payroll expenses are estimated to be at least $120,216.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, PC Of Mind Technologies, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,784
- Utilities: $3,131
- Rent: $3,131
Business Information - PC Of Mind Technologies, LLC in Knoxville, TN
301 South Gallaher View Road
Knoxville, TN 37919
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Knoxville
In the Knoxville area, 30 businesses in the "All Other Professional, Scientific, and Technical Services" 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 $78,727 (compared to this company's $25,045).
Similar Nearby Businesses Who Received PPP Funding:
Barnes Law Firm
Margaret F. Mccrory
Feng Shui Designs Inc
Mystery Shoppers Inc
Blackburn Development Group LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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 PC Of Mind Technologies, LLC's reported 3 employees, and received an average PPP loan of $57,091, 128% higher than this company's loan of $25,045.
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Footnotes & Information
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