FederalPay.org
PPP Loan Data — TIE Down Inc,
Atlanta, GA
TIE Down Inc
Entity: Subchapter S Corporation
Industry: All Other Miscellaneous Manufacturing
Location: Atlanta, GA
Tweet This
•
Search All PPP Data
TIE Down Inc is a subchapter s corporation located at 605 Stonehill Dr Sw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,777,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
265Loan Approved:
2020-04-28Lender:
REGIONS BANKTIE Down Inc received a Paycheck Protection Loan of $2.78M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, TIE Down Inc's total 2019 payroll expenses were approximately $13.33M in order to qualify for the PPP loan amount received.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $50,304 per employee1.
Business Information - TIE Down Inc in Atlanta, GA
605 Stonehill Dr Sw
Atlanta, GA 30336
Business Industry
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Similar Companies near Atlanta
In the Atlanta area, 7 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 265) and received an average PPP loan of $486,316 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
DT Global Trading LLC
Atlanta, GA
Dorien Investment Group, Inc.
Atlanta, GA
GEN Pro Inc
College Park, GA
Century Systems, Inc.
Atlanta, GA
The Closet Envy LLC
Atlanta, GA
American Decor Inc
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 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 12 employees, 95% lower than TIE Down Inc's reported 265 employees, and received an average PPP loan of $147,822, 95% lower than this company's loan of $2.78M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!