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PPP Loan Data — Timothy Deaton, Panama City, FL

SBA PPP loan data, payroll data, and salaries for Timothy Deaton
FL

Timothy Deaton

Entity: Sole Proprietorship

Industry: Limited-Service Restaurants

Location: Panama City, FL

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Timothy Deaton is a sole proprietorship located in Panama City, Florida that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in April, 2021.

$ PPP Loan Information
Loan #9832128801

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-04-24

Loan Status:

Active Un-Disbursed

Lender:

Customers Bank
PPP Funds Undisbursed

Timothy Deaton in Panama City, FL received a Paycheck Protection Loan of $20,833 through Customers Bank, which was approved in April, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,833 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Timothy Deaton reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,828
  • Utilities: $1

Business Information - Timothy Deaton in Panama City, FL

Timothy Deaton
Panama City, FL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bay County, FL — SBA Office 0491 — Congressional District: FL-02

Similar Companies near Panama City

In the Panama City area, 10 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $37,761 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 2000% higher than Timothy Deaton's reported 1 employees, and received an average PPP loan of $100,980, 385% higher than this company's loan of $20,833.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/timothy-deaton-panama-city-fl