PPP Loan Data — Thurmond Marina LLC, Appling, GA
Thurmond Marina LLC is a limited liability company (LLC) located at 4271 Old Lincolnton Road in Appling, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,156.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Thurmond Marina LLC in Appling, GA received a Paycheck Protection Loan of $46,156 through Truist Bank d/b/a Branch Banking & Trust Co, 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, Thurmond Marina LLC's 2019 payroll expenses are estimated to be at least $221,549.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,617 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thurmond Marina LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,156
Business Information - Thurmond Marina LLC in Appling, GA
4271 Old Lincolnton Road
Appling, GA 30802
NAICS code 713930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Appling
In the Appling area, 2 businesses in the "Marinas" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 9) and received an average PPP loan of $25,628 (compared to this company's $46,156).
Similar Nearby Businesses Who Received PPP Funding:
Lake Tow, Inc
Industry PPP Comparison Statistics
Nationwide, 2,908 businesses in the "Marinas" industry received a total of $223.4M 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, 22% higher than Thurmond Marina LLC's reported 9 employees, and received an average PPP loan of $76,822, 66% higher than this company's loan of $46,156.
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Footnotes & Information
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