PPP Loan Data — United Conex, LLC, Hickory Valley, TN
United Conex, LLC is a limited liability company (LLC) located at 215 Heritage Plantation in Hickory Valley, Tennessee that received a Coronavirus-related PPP loan from the SBA of $45,760.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Bank of Fayette County
United Conex, LLC in Hickory Valley, TN received a Paycheck Protection Loan of $45,760 through The Bank of Fayette County, which was approved in April, 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, United Conex, LLC's 2019 payroll expenses are estimated to be at least $219,648.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,608 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Conex, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,760
Business Information - United Conex, LLC in Hickory Valley, TN
215 Heritage Plantation
Hickory Valley, TN 38042
Industrial Supplies Merchant Wholesalers
NAICS code 423840
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 6,397 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $1.02B 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 13 employees, 117% higher than United Conex, LLC's reported 6 employees, and received an average PPP loan of $160,215, 250% higher than this company's loan of $45,760.
FederalPay's PPP Information Policy
Footnotes & Information
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