PPP Loan Data — Ensafe Inc., Memphis, TN
Ensafe Inc. is a corporation located at 5730 Summer Trees Dr in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $5,882,394.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Ensafe Inc. in Memphis, TN received a Paycheck Protection Loan of $5.88M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ensafe Inc.'s total 2019 payroll expenses were approximately $28.24M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $80,673 per employee1.
Business Information - Ensafe Inc. in Memphis, TN
5730 Summer Trees Dr
Memphis, TN 38134
Environmental Consulting Services (NAICS code 541620)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-09
Similar Companies near Memphis
In the Memphis area, 2 businesses in the "Environmental Consulting Services" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 350) and received an average PPP loan of $2,950,497 (compared to this company's $5.88M).
Similar Nearby Businesses Who Received PPP Funding:
Green & Safe LLC
Industry PPP Comparison Statistics
Nationwide, 5,531 businesses in the "Environmental Consulting Services" industry received a total of $781,797,982.00 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 9 employees, 97% lower than Ensafe Inc.'s reported 350 employees, and received an average PPP loan of $141,348, 98% lower than this company's loan of $5.88M.
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, 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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