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PPP Loan Data — Atomic Transport, LLC,
Chattanooga, TN
Atomic Transport, LLC
Entity: Limited Liability Company (LLC)
Industry: Materials Recovery Facilities
Location: Chattanooga, TN
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Atomic Transport, LLC is a limited liability company (LLC) located at 1301 Riverfront Pkwy in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,533,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
212Loan Approved:
2020-04-07Lender:
PINNACLE BANKAtomic Transport, LLC received a Paycheck Protection Loan of $2.53M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Atomic Transport, LLC's total 2019 payroll expenses were approximately $12.16M in order to qualify for the PPP loan amount received.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $57,367 per employee1.
Business Information - Atomic Transport, LLC in Chattanooga, TN
1301 Riverfront Pkwy
Chattanooga, TN 37402
Business Industry
Materials Recovery Facilities (NAICS code 562920)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-03Similar Companies near Chattanooga
In the Chattanooga area, 2 businesses in the "Materials Recovery Facilities" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 212) and received an average PPP loan of $1,267,750 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Dallas Reid Duggar
Chattanooga, TN
Industry PPP Comparison Statistics
Nationwide, 1,122 businesses in the "Materials Recovery Facilities" industry received a total of $194,321,564.00 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 15 employees, 93% lower than Atomic Transport, LLC's reported 212 employees, and received an average PPP loan of $173,192, 93% lower than this company's loan of $2.53M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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