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PPP Loan Data — Premier System Integrators, Inc.,
Smyrna, TN
Premier System Integrators, Inc.
Entity: Employee Stock Ownership Plan (esop)
Industry: Computer Systems Design Services
Location: Smyrna, TN
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Premier System Integrators, Inc. is an employee stock ownership plan (esop) located at 140 Weakley Lane in Smyrna, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,250,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
192Loan Approved:
2020-04-07Lender:
FIRST HORIZON BANKPremier System Integrators, Inc. received a Paycheck Protection Loan of $3.25M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Premier System Integrators, Inc.'s total 2019 payroll expenses were approximately $15.6M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $81,250 per employee1.
Business Information - Premier System Integrators, Inc. in Smyrna, TN
140 Weakley Lane
Smyrna, TN 37167
Business Industry
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-04Similar Companies near Smyrna
In the Smyrna area, 3 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 192) and received an average PPP loan of $1,149,619 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
Network Technology Partners LLC
Smyrna, TN
Daniel Mcanally DBA Neosol Consulting
Smyrna, TN
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Premier System Integrators, Inc.'s reported 192 employees, and received an average PPP loan of $181,408, 94% lower than this company's loan of $3.25M.
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.
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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