PPP Loan Data — Vintage Flathead, LLC, Hendersonville, TN
Vintage Flathead, LLC is a limited liability company (LLC) located at 118 Mid Town Ct Suite M in Hendersonville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,030.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Vintage Flathead, LLC in Hendersonville, TN received a Paycheck Protection Loan of $25,030 through F&M Bank, which was approved in May, 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 April, 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, Vintage Flathead, LLC's 2019 payroll expenses are estimated to be at least $120,144.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vintage Flathead, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,030
Business Information - Vintage Flathead, LLC in Hendersonville, TN
118 Mid Town Ct Suite M
Hendersonville, TN 37075
Musical Instrument Manufacturing
NAICS code 339992
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hendersonville
In the Hendersonville area, 2 businesses in the "Musical Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $30,015 (compared to this company's $25,030).
Similar Nearby Businesses Who Received PPP Funding:
Huber Banjos LLC
Industry PPP Comparison Statistics
Nationwide, 1,177 businesses in the "Musical Instrument Manufacturing" industry received a total of $120.05M 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 Vintage Flathead, LLC's reported 2 employees, and received an average PPP loan of $101,996, 307% higher than this company's loan of $25,030.
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Footnotes & Information
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