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PPP Loan Data — Premier Holdings, LLC,
Nashville, TN
Premier Holdings, LLC
Entity: Limited Liability Company (LLC)
Industry: Insurance Agencies and Brokerages
Location: Nashville, TN
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Premier Holdings, LLC is a limited liability company (LLC) located at 3343 Perimeter Hill Dr, Ste 214 in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,535,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
180Loan Approved:
2020-04-10Lender:
PINNACLE BANKPremier Holdings, LLC in Nashville, TN received a Paycheck Protection Loan of $2.54M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Premier Holdings, LLC's total 2019 payroll expenses were approximately $12.17M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $67,624 per employee1.
Business Information - Premier Holdings, LLC in Nashville, TN
3343 Perimeter Hill Dr, Ste 214
Nashville, TN 37211
Business Industry
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-05Similar Companies near Nashville
In the Nashville area, 32 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 180) and received an average PPP loan of $349,524 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
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Ashley Stewart
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Walter Mccormick Insurance
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Marc Gant DBA State Farm Insurance Agency
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Campbell Group Insurance LLC
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Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% 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, 98% lower than Premier Holdings, LLC's reported 180 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.54M.
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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