PPP Loan Data — Squires Square, Knoxville, TN
Squires Square is a sole proprietorship located at 601 N 17th St in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Squires Square in Knoxville, TN received a Paycheck Protection Loan of $25,500 through Regions Bank, which was approved in June, 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, Squires Square's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Squires Square reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Squires Square in Knoxville, TN
601 N 17th St
Knoxville, TN 37921
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Knoxville
In the Knoxville area, 8 businesses in the "Beer, Wine, and Liquor Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $25,240 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Mcscrooges Wine Boutique & Liquor Warehouse Inc
640 Liquor Store, LLC
Southland Spirits And Wine, LLC
Knoxville Room Service LP
Towne Fine Wine & Spirits
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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 6 employees, 50% higher than Squires Square's reported 4 employees, and received an average PPP loan of $31,617, 24% higher than this company's loan of $25,500.
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Footnotes & Information
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