PPP Loan Data — Turf Care Supply Corp, Brunswick, OH
Turf Care Supply Corp is a subchapter s corporation located at 50 Pearl Road in Brunswick, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,615,875.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Turf Care Supply Corp in Brunswick, OH received a Paycheck Protection Loan of $2.62M through KeyBank 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, Turf Care Supply Corp's 2019 payroll expenses are estimated to be at least $12.56M.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $62,469 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turf Care Supply Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,615,875
Business Information - Turf Care Supply Corp in Brunswick, OH
50 Pearl Road
Brunswick, OH 44212
Nitrogenous Fertilizer Manufacturing
NAICS code 325311
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 237 businesses in the "Nitrogenous Fertilizer Manufacturing" industry received a total of $58.42M 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 18 employees, 91% lower than Turf Care Supply Corp's reported 201 employees, and received an average PPP loan of $246,496, 91% lower than this company's loan of $2.62M.
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Footnotes & Information
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