PPP Loan Data — Turner Brown LLC, Brooklyn, NY
Turner Brown LLC is a limited liability company (LLC) located at 105 Grand Avenue 3a, Brooklyn , Ny, 11205 in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Turner Brown LLC in Brooklyn, NY received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in June, 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, Turner Brown LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turner Brown LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Turner Brown LLC in Brooklyn, NY
105 Grand Avenue 3a, Brooklyn , Ny, 11205
Brooklyn, NY 11205
Executive Search Services
NAICS code 561312
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 5 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $34,637 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Flaxco Search, LLC
Alex Crane LLC
Arbolus Us Inc
Industry PPP Comparison Statistics
Nationwide, 7,038 businesses in the "Executive Search Services" industry received a total of $770.55M 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, 400% higher than Turner Brown LLC's reported 2 employees, and received an average PPP loan of $109,485, 338% higher than this company's loan of $25,000.
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Footnotes & Information
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