PPP Loan Data — Tele-Page Inc, Oneida, TN
Location: Oneida, TNTweet This • Search All PPP Data
Tele-Page Inc is a corporation located at 258 S. Main St in Oneida, Tennessee that received a Coronavirus-related PPP loan from the SBA of $45,735.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First National Bank of Oneida
Tele-Page Inc in Oneida, TN received a Paycheck Protection Loan of $45,735 through The First National Bank of Oneida, 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 March, 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, Tele-Page Inc's 2019 payroll expenses are estimated to be at least $219,528.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,588 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tele-Page Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $43,448
- Utilities: $1,087
- Mortgage Interest: $1,200
Business Information - Tele-Page Inc in Oneida, TN
258 S. Main St
Oneida, TN 37841
Wireless Telecommunications Carriers (except Satellite)
NAICS code 517312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,954 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a total of $370.75M 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 11 employees, 83% higher than Tele-Page Inc's reported 6 employees, and received an average PPP loan of $93,766, 105% higher than this company's loan of $45,735.
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Footnotes & Information
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