PPP Loan Data — Matthew Adkins, Nashville, TN
Matthew Adkins is an independent contractor located in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $7,443.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:One Bank of Tennessee
Matthew Adkins in Nashville, TN received a Paycheck Protection Loan of $7,443 through One Bank of Tennessee, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Reported PPP Proceed Usage:
On the PPP application, Matthew Adkins reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,443
Business Information - Matthew Adkins in Nashville, TN
* Full address is redacted to protect the privacy of individuals.
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Nashville
In the Nashville area, 43 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $266,563 (compared to this company's $7,443).
Similar Nearby Businesses Who Received PPP Funding:
Corporate Benefit Analysts Inc
Rutherford Agency Inc
John Shockley DBA John W. Shockley
America's Insurance LLC
Campbell Group Insurance LLC
Eric Osborne DBA Osborne State Farm Agent
Industry PPP Comparison Statistics
Nationwide, 132,464 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.58B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 300% higher than Matthew Adkins' reported 1 employees, and received an average PPP loan of $42,089, 465% higher than this company's loan of $7,443.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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