PPP Loan Data — Turenne Pharmedco, Inc, Montgomery, AL
Turenne Pharmedco, Inc
Location: Montgomery, ALTweet This • Search All PPP Data
Turenne Pharmedco, Inc is a corporation located at 355 Industrial Park Blvd, in Montgomery, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,318,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Turenne Pharmedco, Inc in Montgomery, AL received a Paycheck Protection Loan of $2.32M through Regions Bank, 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, Turenne Pharmedco, Inc's 2019 payroll expenses are estimated to be at least $11.13M.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $60,824 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turenne Pharmedco, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,318,900
Business Information - Turenne Pharmedco, Inc in Montgomery, AL
355 Industrial Park Blvd,
Montgomery, AL 36117
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Montgomery
In the Montgomery area, 4 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 183) and received an average PPP loan of $740,275 (compared to this company's $2.32M).
Similar Nearby Businesses Who Received PPP Funding:
Precision Medical Solutions, LLP
Medical Place, Inc
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 95% lower than Turenne Pharmedco, Inc's reported 183 employees, and received an average PPP loan of $98,382, 96% lower than this company's loan of $2.32M.
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Footnotes & Information
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