PPP Loan Data — Stone's Cabinet Works, LLC, Tifton, GA
Stone's Cabinet Works, LLC is a limited liability company (LLC) located at 50 Richards Rd. in Tifton, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Stone's Cabinet Works, LLC in Tifton, GA received a Paycheck Protection Loan of $25,200 through Ameris 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 February, 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, Stone's Cabinet Works, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stone's Cabinet Works, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,160
- Utilities: $5,040
Business Information - Stone's Cabinet Works, LLC in Tifton, GA
50 Richards Rd.
Tifton, GA 31794
Other Building Finishing Contractors
NAICS code 238390
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 15,379 businesses in the "Other Building Finishing Contractors" industry received a total of $1.27B 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 8 employees, 100% higher than Stone's Cabinet Works, LLC's reported 4 employees, and received an average PPP loan of $82,449, 227% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!