PPP Loan Data — R&M Pizza Inc, Loudon, TN
R&M Pizza Inc is a corporation located at 315 Saloli Ln in Loudon, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First National Bank of Tom Bean
R&M Pizza Inc in Loudon, TN received a Paycheck Protection Loan of $46,000 through The First National Bank of Tom Bean, 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 April, 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, R&M Pizza Inc's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $11,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, R&M Pizza Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - R&M Pizza Inc in Loudon, TN
315 Saloli Ln
Loudon, TN 37774
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Loudon
In the Loudon area, 5 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 20) and received an average PPP loan of $35,561 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Tennessee Ice Cream Inc
Loudon Pizza Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 5% higher than R&M Pizza Inc's reported 20 employees, and received an average PPP loan of $100,980, 120% higher than this company's loan of $46,000.
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Footnotes & Information
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