PPP Loan Data — Street's Bookeeping & Tax Service, Inc, Cordova, TN
Street's Bookeeping & Tax Service, Inc is a corporation located at 7990 Trinity Rd. Suite 110a in Cordova, Tennessee that received a Coronavirus-related PPP loan from the SBA of $8,825.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Bartlett
Street's Bookeeping & Tax Service, Inc in Cordova, TN received a Paycheck Protection Loan of $8,825 through Bank of Bartlett, which was approved in May, 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, Street's Bookeeping & Tax Service, Inc's 2019 payroll expenses are estimated to be at least $42,360.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $21,180 per employee1
Reported PPP Proceed Usage:
On the PPP application, Street's Bookeeping & Tax Service, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,825
Business Information - Street's Bookeeping & Tax Service, Inc in Cordova, TN
7990 Trinity Rd. Suite 110a
Cordova, TN 38018
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cordova
In the Cordova area, 25 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $23,633 (compared to this company's $8,825).
Similar Nearby Businesses Who Received PPP Funding:
TMA Financial Services LLC
Amy K Baltimore CPA Inc
Engelken & Engelken PC
Vanderford CPA PLLC
Ronald E Asplund CPA
TMA Financial Services
Whitehorn, CPA, PC
Industry PPP Comparison Statistics
Nationwide, 56,839 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 200% higher than Street's Bookeeping & Tax Service, Inc's reported 2 employees, and received an average PPP loan of $74,011, 739% higher than this company's loan of $8,825.
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Footnotes & Information
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