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PPP Loan Data — OLE Smoky Distillery, LLC,
Sevierville, TN
OLE Smoky Distillery, LLC
Entity: Limited Liability Company (LLC)
Industry: Distilleries
Location: Sevierville, TN
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OLE Smoky Distillery, LLC is a limited liability company (LLC) located at 236 Main St #136 in Sevierville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,273,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-27Lender:
SMARTBANKOLE Smoky Distillery, LLC in Sevierville, TN received a Paycheck Protection Loan of $3.27M through SMARTBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, OLE Smoky Distillery, LLC's total 2019 payroll expenses were approximately $15.71M in order to qualify for the PPP loan amount received.
Unlike most businesses, OLE Smoky Distillery, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - OLE Smoky Distillery, LLC in Sevierville, TN
236 Main St #136
Sevierville, TN 37862
Business Industry
Distilleries (NAICS code 312140)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-01Similar Companies near Sevierville
In the Sevierville area, 6 businesses in the "Distilleries" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 0) and received an average PPP loan of $630,046 (compared to this company's $3.27M).
Similar Nearby Businesses Who Received PPP Funding:
Triple Sss Ventures Of Pigeon Forge LLC
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Old Forge Distillery LLC
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XXX Distillery LLC
Sevierville, TN
Triple Sss Ventures LLC
Sevierville, TN
Triple Sss Ventures Of Nashville LLC
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Industry PPP Comparison Statistics
Nationwide, 743 businesses in the "Distilleries" industry received a total of $76,392,413.00 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 10 employees, and received an average PPP loan of $102,816, 97% lower than this company's loan of $3.27M.
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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