PPP Loan Data — Subway Of Metro Center, Inc, Nashville, TN
Subway Of Metro Center, Inc is a corporation located at 2120 Rosa L Parks Blvd #101 in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Subway Of Metro Center, Inc in Nashville, TN received a Paycheck Protection Loan of $24,900 through Renasant 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 May, 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, Subway Of Metro Center, Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Subway Of Metro Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Subway Of Metro Center, Inc in Nashville, TN
2120 Rosa L Parks Blvd #101
Nashville, TN 37228
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Nashville
In the Nashville area, 4 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $49,788 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
People First Pizza, LLC
Transcon Trading Company DBA Jersey Mikes Subs
Subway Of Metrocenterinc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 320% higher than Subway Of Metro Center, Inc's reported 5 employees, and received an average PPP loan of $100,980, 306% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
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