PPP Loan Data — Stevison Ham Company, Inc, Portland, TN
Stevison Ham Company, Inc is a corporation located at 125 Stevison Ham Rd in Portland, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,570,300.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 153 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Stevison Ham Company, Inc in Portland, TN received a Paycheck Protection Loan of $1.57M 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 April, 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, Stevison Ham Company, Inc's 2019 payroll expenses are estimated to be at least $7.54M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $49,264 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stevison Ham Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,570,300
Business Information - Stevison Ham Company, Inc in Portland, TN
125 Stevison Ham Rd
Portland, TN 37148
Meat and Meat Product Merchant Wholesalers
NAICS code 424470
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,100 businesses in the "Meat and Meat Product Merchant Wholesalers" industry received a total of $317.41M 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 16 employees, 90% lower than Stevison Ham Company, Inc's reported 153 employees, and received an average PPP loan of $151,146, 90% lower than this company's loan of $1.57M.
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Footnotes & Information
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