PPP Loan Data — T & T Tropic, Inc, Bloomingdale, GA
T & T Tropic, Inc
Location: Bloomingdale, GATweet This • Search All PPP Data
T & T Tropic, Inc is a corporation located at 103 Maple St in Bloomingdale, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,632.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
T & T Tropic, Inc in Bloomingdale, GA received a Paycheck Protection Loan of $46,632 through Cross River Bank, which was approved in April, 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 & T Tropic, Inc's 2019 payroll expenses are estimated to be at least $223,834.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,767 per employee1
Reported PPP Proceed Usage:
On the PPP application, T & T Tropic, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,632
Business Information - T & T Tropic, Inc in Bloomingdale, GA
103 Maple St
Bloomingdale, GA 31302
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bloomingdale
In the Bloomingdale area, 6 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $27,972 (compared to this company's $46,632).
Similar Nearby Businesses Who Received PPP Funding:
Air Mechanix Of Georgia, LLC
Charles Richard Snellings
Strickland HVAC Company Inc
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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 10 employees, 100% higher than T & T Tropic, Inc's reported 5 employees, and received an average PPP loan of $123,520, 165% higher than this company's loan of $46,632.
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