PPP Loan Data — Turf Tools LLC, Goldsboro, NC
Turf Tools LLC
Entity: Limited Liability Company (LLC)
Location: Goldsboro, NCTweet This • Search All PPP Data
Turf Tools LLC is a limited liability company (LLC) located at 2682 U.s. Highway 70 West in Goldsboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,777.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Turf Tools LLC in Goldsboro, NC received a Paycheck Protection Loan of $46,777 through Cross River Bank, which was approved in July, 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 April, 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, Turf Tools LLC's 2019 payroll expenses are estimated to be at least $224,530.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,843 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turf Tools LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,777
Business Information - Turf Tools LLC in Goldsboro, NC
2682 U.s. Highway 70 West
Goldsboro, NC 27530
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Goldsboro
In the Goldsboro area, 9 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $33,653 (compared to this company's $46,777).
Similar Nearby Businesses Who Received PPP Funding:
Clark Auction & Liquidation Inc
PNC Wireless LLC
Direct Carpet Factory Outlet, Inc
Corporate Capital Financial Services
Carolina Greco Export Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 33% higher than Turf Tools LLC's reported 3 employees, and received an average PPP loan of $34,329, 27% lower than this company's loan of $46,777.
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