PPP Loan Data — TGT Enterprises Inc, Poway, CA
TGT Enterprises Inc is a subchapter s corporation located at 12650 Danielson Ct in Poway, California that received a Coronavirus-related PPP loan from the SBA of $2,178,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Republic Bank
TGT Enterprises Inc in Poway, CA received a Paycheck Protection Loan of $2.18M through First Republic 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, TGT Enterprises Inc's 2019 payroll expenses are estimated to be at least $10.46M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $69,718 per employee1
Reported PPP Proceed Usage:
On the PPP application, TGT Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,178,700
Business Information - TGT Enterprises Inc in Poway, CA
12650 Danielson Ct
Poway, CA 92064
NAICS code 541810
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Poway
In the Poway area, 4 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 150) and received an average PPP loan of $560,406 (compared to this company's $2.18M).
Similar Nearby Businesses Who Received PPP Funding:
Platinum Ppc Marketing, Inc
Funnel Reach LLC
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 95% lower than TGT Enterprises Inc's reported 150 employees, and received an average PPP loan of $99,714, 95% lower than this company's loan of $2.18M.
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Footnotes & Information
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