PPP Loan Data — TT Of F Murfreesboro Inc, Murfreesboro, TN
TT Of F Murfreesboro Inc is a corporation located at 1550 Nw Broad St in Murfreesboro, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,155,857.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
TT Of F Murfreesboro Inc in Murfreesboro, TN received a Paycheck Protection Loan of $2.16M through Bank of America, National Association, 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, TT Of F Murfreesboro Inc's 2019 payroll expenses are estimated to be at least $10.35M.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $53,617 per employee1
Reported PPP Proceed Usage:
On the PPP application, TT Of F Murfreesboro Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,155,857
Business Information - TT Of F Murfreesboro Inc in Murfreesboro, TN
1550 Nw Broad St
Murfreesboro, TN 37129
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Murfreesboro
In the Murfreesboro area, 6 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 193) and received an average PPP loan of $1,117,614 (compared to this company's $2.16M).
Similar Nearby Businesses Who Received PPP Funding:
Nelson Motor Company, LLC
MB Of Murfreesboro Nissan LLC
Hudson Murfreesboro Acquisition, LLC
TT Of T Murfreesboro Inc
Charles M Ross DBA The Ford Guy
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 73% lower than TT Of F Murfreesboro Inc's reported 193 employees, and received an average PPP loan of $618,860, 71% lower than this company's loan of $2.16M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!