PPP Loan Data — Matsuo Industries USA, Inc, Jefferson City, TN
Matsuo Industries USA, Inc is a corporation located at 408 Municipal Drive in Jefferson City, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,610,800.00 in May, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Matsuo Industries USA, Inc in Jefferson City, TN received a Paycheck Protection Loan of $2.61M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in May, 2020.
Based on standard PPP eligibility rules, Matsuo Industries USA, Inc's total 2019 payroll expenses were approximately $12.53M in order to qualify for the PPP loan amount received.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $54,250 per employee1.
Business Information - Matsuo Industries USA, Inc in Jefferson City, TN
408 Municipal Drive
Jefferson City, TN 37760
Other Motor Vehicle Parts Manufacturing (NAICS code 336390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-02
Industry PPP Comparison Statistics
Nationwide, 1,012 businesses in the "Other Motor Vehicle Parts Manufacturing" industry received a total of $430,804,983.00 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 33 employees, 86% lower than Matsuo Industries USA, Inc's reported 231 employees, and received an average PPP loan of $425,697, 84% lower than this company's loan of $2.61M.
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Footnotes & Information
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