PPP Loan Data — Pure American Networks Corporation, Nashville, TN
Pure American Networks Corporation is a corporation located at 2216 Abbott Martin Rd in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Pure American Networks Corporation in Nashville, TN received a Paycheck Protection Loan of $25,000 through Fifth Third Bank, which was approved in May, 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, Pure American Networks Corporation's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pure American Networks Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pure American Networks Corporation in Nashville, TN
2216 Abbott Martin Rd
Nashville, TN 37215
NAICS code 515112
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nashville
In the Nashville area, 5 businesses in the "Radio Stations" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 4) and received an average PPP loan of $186,824 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Hancock Communications, Inc
Cromwell Group Inc Of Illinois
Cromwell Group, Inc
Industry PPP Comparison Statistics
Nationwide, 3,733 businesses in the "Radio Stations" industry received a total of $451.76M 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 14 employees, 250% higher than Pure American Networks Corporation's reported 4 employees, and received an average PPP loan of $121,017, 384% higher than this company's loan of $25,000.
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Footnotes & Information
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