PPP Loan Data — Taylor Land & Cattle Company, LLC, Fletcher, NC
Taylor Land & Cattle Company, LLC is a limited liability company (LLC) located at 1005 Cane Creek Rd in Fletcher, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,117.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Taylor Land & Cattle Company, LLC in Fletcher, NC received a Paycheck Protection Loan of $25,117 through United FCU, 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, Taylor Land & Cattle Company, LLC's 2019 payroll expenses are estimated to be at least $120,562.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,094 per employee1
Reported PPP Proceed Usage:
On the PPP application, Taylor Land & Cattle Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,117
Business Information - Taylor Land & Cattle Company, LLC in Fletcher, NC
1005 Cane Creek Rd
Fletcher, NC 28732
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fletcher
In the Fletcher area, 23 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $14,801 (compared to this company's $25,117).
Similar Nearby Businesses Who Received PPP Funding:
The Farm At Mills River, LLC
Marske Properties LLC
Michael Kotzen Real Estate, Inc
Hurley & Associates Real Estate Inc
Michelle Mccalla APC
BAS Ventures Inc
Southern Roots Real Estate, LLC
Unicorn Productions LLC
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 67% lower than Taylor Land & Cattle Company, LLC's reported 6 employees, and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,117.
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Footnotes & Information
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