PPP Loan Data — T Coast Pavers Inc, Stuart, FL
T Coast Pavers Inc
Entity: Subchapter S Corporation
Location: Stuart, FLTweet This • Search All PPP Data
T Coast Pavers Inc is a subchapter s corporation located at 2929s Se Kensington St in Stuart, Florida that received a Coronavirus-related PPP loan from the SBA of $46,350.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
T Coast Pavers Inc in Stuart, FL received a Paycheck Protection Loan of $46,350 through Cross River Bank, which was approved in August, 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, T Coast Pavers Inc's 2019 payroll expenses are estimated to be at least $222,480.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,225 per employee1
Reported PPP Proceed Usage:
On the PPP application, T Coast Pavers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,350
Business Information - T Coast Pavers Inc in Stuart, FL
2929s Se Kensington St
Stuart, FL 34997
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Stuart
In the Stuart area, 4 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 11) and received an average PPP loan of $87,129 (compared to this company's $46,350).
Similar Nearby Businesses Who Received PPP Funding:
Teak Deck Company
Pioneer Screen LLC
Backyard Amenities, LLC
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, 36% lower than T Coast Pavers Inc's reported 11 employees, and received an average PPP loan of $77,238, 67% higher than this company's loan of $46,350.
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