PPP Loan Data — Tommie Harris, Flower Mound, TX
Tommie Harris is a sole proprietorship located at 4491 Long Rd in Flower Mound, Texas that received a Coronavirus-related PPP loan from the SBA of $24,805.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Tommie Harris in Flower Mound, TX received a Paycheck Protection Loan of $24,805 through U.S. Bank, National Association, which was approved in May, 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 March, 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, Tommie Harris' 2019 payroll expenses are estimated to be at least $119,064.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,766 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tommie Harris reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,805
Business Information - Tommie Harris in Flower Mound, TX
4491 Long Rd
Flower Mound, TX 75028
Offices of Podiatrists
NAICS code 621391
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,173 businesses in the "Offices of Podiatrists" industry received a total of $380.91M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 50% higher than Tommie Harris' reported 4 employees, and received an average PPP loan of $53,103, 114% higher than this company's loan of $24,805.
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Footnotes & Information
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