PPP Loan Data — Tucker Farms, LLC, Decatur, AL
Tucker Farms, LLC is a limited liability company (LLC) located at 1410 Woodland St. Se in Decatur, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,894.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tucker Farms, LLC in Decatur, AL received a Paycheck Protection Loan of $46,894 through BBVA USA, 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 June, 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, Tucker Farms, LLC's 2019 payroll expenses are estimated to be at least $225,091.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,273 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tucker Farms, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,171
- Utilities: $11,723
Business Information - Tucker Farms, LLC in Decatur, AL
1410 Woodland St. Se
Decatur, AL 35601
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Decatur
In the Decatur area, 59 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 4) and received an average PPP loan of $15,619 (compared to this company's $46,894).
Similar Nearby Businesses Who Received PPP Funding:
Johnna M Hopper
Enrico Pickett II
Mario F. Nicholas
Victor Stewart Jr
Connie D Russell, Jr
Dn&D Estate Sales LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% 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 Tucker Farms, LLC's reported 4 employees, and received an average PPP loan of $23,676, 50% lower than this company's loan of $46,894.
FederalPay's PPP Information Policy
Footnotes & Information
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