PPP Loan Data — Tuttle Dozer Works, Inc, Interlachen, FL
Tuttle Dozer Works, Inc is a corporation located at 701 Walker Dr in Interlachen, Florida that received a Coronavirus-related PPP loan from the SBA of $46,947.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Tuttle Dozer Works, Inc in Interlachen, FL received a Paycheck Protection Loan of $46,947 through Cross River Bank, which was approved in May, 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, Tuttle Dozer Works, Inc's 2019 payroll expenses are estimated to be at least $225,346.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tuttle Dozer Works, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,947
Business Information - Tuttle Dozer Works, Inc in Interlachen, FL
701 Walker Dr
Interlachen, FL 32148
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Interlachen
In the Interlachen area, 2 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $37,660 (compared to this company's $46,947).
Similar Nearby Businesses Who Received PPP Funding:
FL Roofmasters Inc
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 71% higher than Tuttle Dozer Works, Inc's reported 7 employees, and received an average PPP loan of $139,293, 197% higher than this company's loan of $46,947.
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Footnotes & Information
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