PPP Loan Data — The Erv Woolsey Company, LLC, Nashville, TN
The Erv Woolsey Company, LLC
Location: Nashville, TNTweet This • Search All PPP Data
The Erv Woolsey Company, LLC is a corporation located at 1000 18th Ave S in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,418.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fourth Capital Bank
The Erv Woolsey Company, LLC in Nashville, TN received a Paycheck Protection Loan of $25,418 through Fourth Capital 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 December, 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, The Erv Woolsey Company, LLC's 2019 payroll expenses are estimated to be at least $122,006.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,003 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Erv Woolsey Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,418
Business Information - The Erv Woolsey Company, LLC in Nashville, TN
1000 18th Ave S
Nashville, TN 37212
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
NAICS code 711410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nashville
In the Nashville area, 62 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $74,534 (compared to this company's $25,418).
Similar Nearby Businesses Who Received PPP Funding:
Story House Collective Inc
Good Company Entertainment Inc
Fusion Music LLC
Lori A Delancey
Everheart Entertainment LLC
Morris Higham Management LLC
Higham Management, Inc
Industry PPP Comparison Statistics
Nationwide, 18,430 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a total of $593.92M 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 3 employees, 50% higher than The Erv Woolsey Company, LLC's reported 2 employees, and received an average PPP loan of $32,226, 27% higher than this company's loan of $25,418.
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Footnotes & Information
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