PPP Loan Data — Protection Strategies Incorporated, Knoxville, TN
Protection Strategies Incorporated is a subchapter s corporation located at 9717 Cogdill Rd, #101 in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,423,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Protection Strategies Incorporated in Knoxville, TN received a Paycheck Protection Loan of $2.42M through Pinnacle 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, Protection Strategies Incorporated's 2019 payroll expenses are estimated to be at least $11.63M.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $64,627 per employee1
Reported PPP Proceed Usage:
On the PPP application, Protection Strategies Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,423,500
Business Information - Protection Strategies Incorporated in Knoxville, TN
9717 Cogdill Rd, #101
Knoxville, TN 37932
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 14,660 businesses in the "Security Guards and Patrol Services" industry received a total of $1.46B 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 18 employees, 90% lower than Protection Strategies Incorporated's reported 180 employees, and received an average PPP loan of $99,483, 96% lower than this company's loan of $2.42M.
FederalPay's PPP Information Policy
Footnotes & Information
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