PPP Loan Data — Spfs, Inc, Madison, TN
Spfs, Inc is a subchapter s corporation located at 1309 Briarville Rd, Ste 201 in Madison, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,707,800.00 in April, 2020. This business is a Captain D's franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Spfs, Inc in Madison, TN received a Paycheck Protection Loan of $1.71M through Pinnacle Bank, which was approved in April, 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, Spfs, Inc's 2019 payroll expenses are estimated to be at least $8.2M.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $18,217 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spfs, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,707,800
Business Information - Spfs, Inc in Madison, TN
1309 Briarville Rd, Ste 201
Madison, TN 37115
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Madison
In the Madison area, 26 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 450) and received an average PPP loan of $144,719 (compared to this company's $1.71M).
Similar Nearby Businesses Who Received PPP Funding:
Stormingcrab III Inc
The Clubhouse Sports Bar And Grill
Cal's Country Kitchen, LLC
K & R Holdings Group Inc
Las Maracas Madison, Inc
Casa Country Mexican Grill Inc
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 22 employees, 95% lower than Spfs, Inc's reported 450 employees, and received an average PPP loan of $129,504, 92% lower than this company's loan of $1.71M.
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Footnotes & Information
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