PPP Loan Data — Tom Cely, Inc, Evans, GA
Tom Cely, Inc is a corporation located at 4774 Silver Lake Dr in Evans, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,113.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South State Bank, National Association
Tom Cely, Inc in Evans, GA received a Paycheck Protection Loan of $25,113 through South State Bank, National Association, 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 April, 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, Tom Cely, Inc's 2019 payroll expenses are estimated to be at least $120,542.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,136 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tom Cely, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,113
Business Information - Tom Cely, Inc in Evans, GA
4774 Silver Lake Dr
Evans, GA 30809
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Evans
In the Evans area, 28 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $41,061 (compared to this company's $25,113).
Similar Nearby Businesses Who Received PPP Funding:
Jenna Lin Newman
Carpenters In The Home Inc
Tudor Home Improvements Of The Csra Inc
Posey Home Improvements Inc
Bwmd Enterprise, LLC
Legendary Repair And Remodel
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 25% lower than Tom Cely, Inc's reported 4 employees, and received an average PPP loan of $30,405, 21% higher than this company's loan of $25,113.
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Footnotes & Information
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