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PPP Loan Data — Sharon Parks, Chattanooga, TN

SBA PPP loan data, payroll data, and salaries for Sharon Parks
TN

Sharon Parks

Entity: Independent Contractor

Industry: Assisted Living Facilities for the Elderly

Location: Chattanooga, TN

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Sharon Parks is an independent contractor located in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in March, 2021.

The company has reported itself as a Black or african american owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3641888708

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-03-31

Loan Status:

Active Un-Disbursed

Lender:

Capital Plus Financial, LLC
PPP Funds Undisbursed

Sharon Parks in Chattanooga, TN received a Paycheck Protection Loan of $20,832 through Capital Plus Financial, LLC, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,832 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Sharon Parks reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,827
  • Utilities: $1

Business Information - Sharon Parks in Chattanooga, TN

Sharon Parks
Chattanooga, TN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Assisted Living Facilities for the Elderly
NAICS code 623312

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hamilton County, TN — SBA Office 0474 — Congressional District: TN-03

Similar Companies near Chattanooga

In the Chattanooga area, 7 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 1) and received an average PPP loan of $772,741 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 9,152 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.74B 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 32 employees, 3100% higher than Sharon Parks' reported 1 employees, and received an average PPP loan of $190,178, 813% higher than this company's loan of $20,832.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/sharon-parks-chattanooga-tn