PPP Loan Data — TB Landmark Construction, Inc, Jacksonville, FL
TB Landmark Construction, Inc is a subchapter s corporation located at 11220 New Berlin Rd in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $1,606,055.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 127 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
TB Landmark Construction, Inc in Jacksonville, FL received a Paycheck Protection Loan of $1.61M through Primesouth 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 January, 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, TB Landmark Construction, Inc's 2019 payroll expenses are estimated to be at least $7.71M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $60,701 per employee1
Reported PPP Proceed Usage:
On the PPP application, TB Landmark Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,606,055
Business Information - TB Landmark Construction, Inc in Jacksonville, FL
11220 New Berlin Rd
Jacksonville, FL 32226
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 7 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 127) and received an average PPP loan of $792,826 (compared to this company's $1.61M).
Similar Nearby Businesses Who Received PPP Funding:
Maccurrach Golf Construction Inc
Dynamic Foundation Solutions
Florida Roads Contracting LLC
Farrell Brothers Marine Construction In
Dynamic Foundation Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 87% lower than TB Landmark Construction, Inc's reported 127 employees, and received an average PPP loan of $234,414, 85% lower than this company's loan of $1.61M.
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Footnotes & Information
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