PPP Loan Data — Titan Solar Supply And Installation Inc, Tucson, AZ
Titan Solar Supply And Installation Inc
Location: Tucson, AZTweet This • Search All PPP Data
Titan Solar Supply And Installation Inc is a corporation located at 10000 E Prince Rd in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,483.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Titan Solar Supply And Installation Inc in Tucson, AZ received a Paycheck Protection Loan of $25,483 through BBVA USA, which was approved in April, 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, Titan Solar Supply And Installation Inc's 2019 payroll expenses are estimated to be at least $122,318.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,159 per employee1
Reported PPP Proceed Usage:
On the PPP application, Titan Solar Supply And Installation Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,483
Business Information - Titan Solar Supply And Installation Inc in Tucson, AZ
10000 E Prince Rd
Tucson, AZ 85749
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 16 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $30,975 (compared to this company's $25,483).
Similar Nearby Businesses Who Received PPP Funding:
John Slattery PLLC
Rhaus Enterprise Corp
Final Touch Handyman Service,LLC
Dnx7 Foods LLC
Audio Video Technologies, LLC
Salon Backstage, LLC
Flying Rubicon LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 100% higher than Titan Solar Supply And Installation Inc's reported 2 employees, and received an average PPP loan of $34,329, 35% higher than this company's loan of $25,483.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!