PPP Loan Data — Ty's Smokehouse, Barlett, TN
Ty's Smokehouse is a sole proprietorship located at 7174 Stage Rd Ste 101 in Barlett, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Trustmark National Bank
Ty's Smokehouse in Barlett, TN received a Paycheck Protection Loan of $25,400 through Trustmark National Bank, which was approved in April, 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 February, 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, Ty's Smokehouse's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ty's Smokehouse reported intending to use the proceeds of their PPP loan for the following expenses:
- Refinance EIDL: $25,400
Business Information - Ty's Smokehouse in Barlett, TN
7174 Stage Rd Ste 101
Barlett, TN 38133
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Barlett
In the Barlett area, 77 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 8) and received an average PPP loan of $106,441 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Red Hook Cajun Seafood And Bar, Inc
Randal 14606 Partnership
B.b.&B. Wings, LLC
Signature Coalition Group LLC
El Molino 1, Inc
Cagle's Momas BBQ, Inc
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 22 employees, 175% higher than Ty's Smokehouse's reported 8 employees, and received an average PPP loan of $129,504, 410% higher than this company's loan of $25,400.
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Footnotes & Information
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