PPP Loan Data — PH Brass And Bullets, Inc, Johnson City, TN
PH Brass And Bullets, Inc is a subchapter s corporation located at 3602 West Market Street in Johnson City, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Community Bank
PH Brass And Bullets, Inc in Johnson City, TN received a Paycheck Protection Loan of $25,100 through First Community Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, PH Brass And Bullets, Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, PH Brass And Bullets, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Mortgage Interest: $25,100
Business Information - PH Brass And Bullets, Inc in Johnson City, TN
3602 West Market Street
Johnson City, TN 37604
Small Arms Ammunition Manufacturing
NAICS code 332992
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 131 businesses in the "Small Arms Ammunition Manufacturing" industry received a total of $15.95M 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 12 employees, 140% higher than PH Brass And Bullets, Inc's reported 5 employees, and received an average PPP loan of $121,736, 385% higher than this company's loan of $25,100.
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Footnotes & Information
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