PPP Loan Data — Tulsi Enterprises LLC, Axis, AL
Tulsi Enterprises LLC is a limited liability company (LLC) located at 11775 Highway 43 North in Axis, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,520.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least fourteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First, A National Banking Association
Tulsi Enterprises LLC in Axis, AL received a Paycheck Protection Loan of $46,520 through The First, A National Banking 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 February, 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, Tulsi Enterprises LLC's 2019 payroll expenses are estimated to be at least $223,296.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $15,950 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tulsi Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $35,520
- Rent: $11,000
Business Information - Tulsi Enterprises LLC in Axis, AL
11775 Highway 43 North
Axis, AL 36505
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 29% lower than Tulsi Enterprises LLC's reported 14 employees, and received an average PPP loan of $45,821, 2% lower than this company's loan of $46,520.
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Footnotes & Information
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