PPP Loan Data — Progressive Directions Inc, Clarksville, TN
Progressive Directions Inc
Entity: Non-profit Organization
Location: Clarksville, TNTweet This • Search All PPP Data
Progressive Directions Inc is a non-profit organization located at 1249 Paradise Hill Rd in Clarksville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,393,300.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 454 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Progressive Directions Inc in Clarksville, TN received a Paycheck Protection Loan of $2.39M through Legends 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, Progressive Directions Inc's 2019 payroll expenses are estimated to be at least $11.49M.
Based on their reported 454 jobs retained, this equals an estimated average yearly compensation of $25,304 per employee1
Reported PPP Proceed Usage:
On the PPP application, Progressive Directions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,393,300
Business Information - Progressive Directions Inc in Clarksville, TN
1249 Paradise Hill Rd
Clarksville, TN 37040
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Clarksville
In the Clarksville area, 2 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 238 employees (compared to this company's 454) and received an average PPP loan of $1,235,400 (compared to this company's $2.39M).
Similar Nearby Businesses Who Received PPP Funding:
Clarksville Montgomery County Ajax Turner Senior Citizens Ce
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 94% lower than Progressive Directions Inc's reported 454 employees, and received an average PPP loan of $160,784, 93% lower than this company's loan of $2.39M.
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Footnotes & Information
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