PPP Loan Data — North American Credit Services, Inc., Chattanooga, TN
North American Credit Services, Inc. is a sole proprietorship located at 2810 Walker Rd in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,443,000.00 in April, 2020.
$ PPP Loan Information
North American Credit Services, Inc. in Chattanooga, TN received a Paycheck Protection Loan of $2.44M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, North American Credit Services, Inc.'s total 2019 payroll expenses were approximately $11.73M in order to qualify for the PPP loan amount received.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $45,102 per employee1.
Business Information - North American Credit Services, Inc. in Chattanooga, TN
2810 Walker Rd
Chattanooga, TN 37421
Collection Agencies (NAICS code 561440)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-03
Industry PPP Comparison Statistics
Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 92% lower than North American Credit Services, Inc.'s reported 260 employees, and received an average PPP loan of $250,135, 90% lower than this company's loan of $2.44M.
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Footnotes & Information
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