Turner Furniture Holding Corp in Thomasville, GA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Turner Furniture Holding Corp, Thomasville, GA

Turner Furniture Holding Corp

Entity: Corporation

Industry: Offices of Other Holding Companies

Location: Thomasville, GA

Turner Furniture Holding Corp is a corporation located at 317 Industrial Blvd in Thomasville, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,457,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 417 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.46M

Jobs Retained:

417

Loan Approved:

2020-04-05

Lender:

THOMASVILLE NATIONAL BANK

Turner Furniture Holding Corp in Thomasville, GA received a Paycheck Protection Loan of $3.46M through THOMASVILLE NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Turner Furniture Holding Corp's total 2019 payroll expenses were approximately $16.59M in order to qualify for the PPP loan amount received.

Based on their reported 417 jobs retained, this equals an estimated average yearly compensation of $39,793 per employee¹.

Because the loan received by Turner Furniture Holding Corp is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Turner Furniture Holding Corp in Thomasville, GA

Turner Furniture Holding Corp
317 Industrial Blvd
Thomasville, GA 31799

Business Industry

Offices of Other Holding Companies (NAICS code 551112)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: GA-08

Industry PPP Comparison Statistics

Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 97% lower than Turner Furniture Holding Corp's reported 417 employees, and received an average PPP loan of $160,790, 95% lower than this company's loan of $3.46M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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