PPP Loan Data — Shree Hari Germantown Pkwy LLC, Cordova, TN
Shree Hari Germantown Pkwy LLC is a limited liability company (LLC) located at 765 North Germantown Road, Suite 101 in Cordova, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,093.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 64 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Shree Hari Germantown Pkwy LLC in Cordova, TN received a Paycheck Protection Loan of $46,093 through Centennial 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 March, 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, Shree Hari Germantown Pkwy LLC's 2019 payroll expenses are estimated to be at least $221,246.
Based on their reported 64 jobs retained, this equals an estimated average yearly compensation of $3,457 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shree Hari Germantown Pkwy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,093
Business Information - Shree Hari Germantown Pkwy LLC in Cordova, TN
765 North Germantown Road, Suite 101
Cordova, TN 38018
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cordova
In the Cordova area, 50 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 64) and received an average PPP loan of $57,147 (compared to this company's $46,093).
Similar Nearby Businesses Who Received PPP Funding:
Todd Management Inc
The Donut Hutt LLC
Tannoor Grill 2 Inc
Sonic Drive-In, Collierville, TN A Limited Parntership
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, 67% lower than Shree Hari Germantown Pkwy LLC's reported 64 employees, and received an average PPP loan of $100,980, 119% higher than this company's loan of $46,093.
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Footnotes & Information
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