PPP Loan Data — Tidewater Finance Company, Virginia Beach, VA
Tidewater Finance Company is a subchapter s corporation located at 6520 Indian River Road in Virginia Beach, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,245,500.00 in April, 2020.
$ PPP Loan Information
Lender:ATLANTIC UNION BANK
Tidewater Finance Company in Virginia Beach, VA received a Paycheck Protection Loan of $3.25M through ATLANTIC UNION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tidewater Finance Company's total 2019 payroll expenses were approximately $15.58M in order to qualify for the PPP loan amount received.
Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $54,280 per employee1.
Business Information - Tidewater Finance Company in Virginia Beach, VA
6520 Indian River Road
Virginia Beach, VA 23464
Consumer Lending (NAICS code 522291)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-02
Industry PPP Comparison Statistics
Nationwide, 1,653 businesses in the "Consumer Lending" industry received a total of $270,440,458.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than Tidewater Finance Company's reported 287 employees, and received an average PPP loan of $163,606, 95% lower than this company's loan of $3.25M.
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Footnotes & Information
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