PPP Loan Data — EMJ Corporation, Chattanooga, TN
Location: Chattanooga, TNTweet This • Search All PPP Data
EMJ Corporation is a corporation located at 2034 Hamilton Place Blvd 400 in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,143,200.00 in April, 2020.
$ PPP Loan Information
EMJ Corporation received a Paycheck Protection Loan of $4.14M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, EMJ Corporation's total 2019 payroll expenses were approximately $19.89M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $92,499 per employee1.
Business Information - EMJ Corporation in Chattanooga, TN
2034 Hamilton Place Blvd 400
Chattanooga, TN 37421
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-03
Similar Companies near Chattanooga
In the Chattanooga area, 10 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 215) and received an average PPP loan of $494,251 (compared to this company's $4.14M).
Similar Nearby Businesses Who Received PPP Funding:
Circle Solutions LLC
John Keith Schull
Terry Keith Co Inc
Foundation To Finish, LLC
Donald Skiles Construction
Future Era Construction Inc.
Pointe General Contractors LLC
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 94% lower than EMJ Corporation's reported 215 employees, and received an average PPP loan of $203,235, 95% lower than this company's loan of $4.14M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!