PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Rezult Group Inc, The, Brentwood, TN

Rezult Group Inc, The is a corporation located at 340 Seven Springs Way Ste 700 in Brentwood, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,595,745.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.6M

Jobs Retained:

237

Loan Approved:

2020-04-15

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Rezult Group Inc, The in Brentwood, TN received a Paycheck Protection Loan of $3.6M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Rezult Group Inc, The's total 2019 payroll expenses were approximately $17.26M in order to qualify for the PPP loan amount received.

Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $72,825 per employee1.

Because the loan received by Rezult Group Inc, The is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Rezult Group Inc, The in Brentwood, TN

Rezult Group Inc, The
340 Seven Springs Way Ste 700
Brentwood, TN 37027

Business Industry

Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs) (NAICS code 923130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-05

Similar Companies near Brentwood

In the Brentwood area, 2 businesses in the "Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs)" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 237) and received an average PPP loan of $1,859,583 (compared to this company's $3.6M).

Similar Nearby Businesses Who Received PPP Funding:

Tennessee Medical Foundation, Inc.
Brentwood, TN

$123,420 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 428 businesses in the "Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs)" industry received a total of $84,928,121.00 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 21 employees, 91% lower than Rezult Group Inc, The's reported 237 employees, and received an average PPP loan of $198,430, 94% lower than this company's loan of $3.6M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rezult-group-inc-the-brentwood-tn