PPP Loan Data — Tennbiz, LLC, Seymour, TN
Tennbiz, LLC is a limited liability company (LLC) located at 146 Mississippi Ave in Seymour, Tennessee that received a Coronavirus-related PPP loan from the SBA of $24,877.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Tennbiz, LLC in Seymour, TN received a Paycheck Protection Loan of $24,877 through SouthEast Bank, which was approved in April, 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, Tennbiz, LLC's 2019 payroll expenses are estimated to be at least $119,410.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,705 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tennbiz, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,877
Business Information - Tennbiz, LLC in Seymour, TN
146 Mississippi Ave
Seymour, TN 37865
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Seymour
In the Seymour area, 4 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $12,236 (compared to this company's $24,877).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 300% higher than Tennbiz, LLC's reported 2 employees, and received an average PPP loan of $70,456, 183% higher than this company's loan of $24,877.
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Footnotes & Information
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