PPP Loan Data — John W. Mcdougall Company Inc., Nashville, TN
John W. Mcdougall Company Inc. is a cooperative located at 3731 Amy Lynn Dr in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,564,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 222 people during the applicable loan loan period.
$ PPP Loan Information
John W. Mcdougall Company Inc. received a Paycheck Protection Loan of $4.56M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, John W. Mcdougall Company Inc.'s total 2019 payroll expenses were approximately $21.91M in order to qualify for the PPP loan amount received.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $98,692 per employee1.
Business Information - John W. Mcdougall Company Inc. in Nashville, TN
3731 Amy Lynn Dr
Nashville, TN 37218
Sheet Metal Work Manufacturing (NAICS code 332322)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TN-05
Similar Companies near Nashville
In the Nashville area, 2 businesses in the "Sheet Metal Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 222) and received an average PPP loan of $2,501,345 (compared to this company's $4.56M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,639 businesses in the "Sheet Metal Work Manufacturing" industry received a total of $793,668,527.00 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 21 employees, 91% lower than John W. Mcdougall Company Inc.'s reported 222 employees, and received an average PPP loan of $300,746, 93% lower than this company's loan of $4.56M.
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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