PPP Loan Data — Roscoe Brown, Inc, Murfreesboro, TN
Roscoe Brown, Inc
Entity: Subchapter S Corporation
Location: Murfreesboro, TNTweet This • Search All PPP Data
Roscoe Brown, Inc is a subchapter s corporation located at 959 N. Thompson Ln in Murfreesboro, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,539,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Roscoe Brown, Inc in Murfreesboro, TN received a Paycheck Protection Loan of $1.54M through Pinnacle 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 December, 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, Roscoe Brown, Inc's 2019 payroll expenses are estimated to be at least $7.39M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $56,825 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roscoe Brown, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,539,000
Business Information - Roscoe Brown, Inc in Murfreesboro, TN
959 N. Thompson Ln
Murfreesboro, TN 37129
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Murfreesboro
In the Murfreesboro area, 37 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 130) and received an average PPP loan of $139,085 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Genesis Heat &
Davis Construction Supply Co. LLC
Southern States Electric Company
Benchmark Plumbing, Inc
Southern Stain And Seal, LLC
Aarons Plumbing Heating And Air Conditio
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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 10 employees, 92% lower than Roscoe Brown, Inc's reported 130 employees, and received an average PPP loan of $123,520, 92% lower than this company's loan of $1.54M.
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Footnotes & Information
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