PPP Loan Data — T Tax Services, Meridian, MS
T Tax Services is a sole proprietorship located at 1010 19th Ave Suite 4 in Meridian, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
T Tax Services in Meridian, MS received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in May, 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 Tax Services' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, T Tax Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - T Tax Services in Meridian, MS
1010 19th Ave Suite 4
Meridian, MS 39301
Labor Unions and Similar Labor Organizations
NAICS code 813930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,582 businesses in the "Labor Unions and Similar Labor Organizations" industry received a total of $318.52M 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 16 employees, 220% higher than T Tax Services' reported 5 employees, and received an average PPP loan of $201,339, 705% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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