PPP Loan Data — Tate Ornamental, Inc, White House, TN
Tate Ornamental, Inc
Location: White House, TNTweet This • Search All PPP Data
Tate Ornamental, Inc is a corporation located at 496 Sage Rd in White House, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,258,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 231 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tate Ornamental, Inc in White House, TN received a Paycheck Protection Loan of $2.26M through Pinnacle 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 June, 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, Tate Ornamental, Inc's 2019 payroll expenses are estimated to be at least $10.84M.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $46,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tate Ornamental, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,258,800
Business Information - Tate Ornamental, Inc in White House, TN
496 Sage Rd
White House, TN 37188
Ornamental and Architectural Metal Work Manufacturing
NAICS code 332323
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,117 businesses in the "Ornamental and Architectural Metal Work Manufacturing" industry received a total of $342.78M 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 14 employees, 94% lower than Tate Ornamental, Inc's reported 231 employees, and received an average PPP loan of $161,918, 93% lower than this company's loan of $2.26M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!