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PPP Loan Data — Saargummi Tennessee, Inc., Pulaski, TN

SBA PPP loan data, payroll data, and salaries for Saargummi Tennessee, Inc.
TN

Saargummi Tennessee, Inc.

Entity: Corporation

Industry: Automotive Parts and Accessories Stores

Location: Pulaski, TN

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Saargummi Tennessee, Inc. is a corporation located at 200 Commerce Way in Pulaski, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,977,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.98M

Jobs Retained:

264

Loan Approved:

2020-04-09

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Saargummi Tennessee, Inc. received a Paycheck Protection Loan of $2.98M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Saargummi Tennessee, Inc.'s total 2019 payroll expenses were approximately $14.29M in order to qualify for the PPP loan amount received.

Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $54,133 per employee1.

Because the loan received by Saargummi Tennessee, Inc. 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 - Saargummi Tennessee, Inc. in Pulaski, TN

Saargummi Tennessee, Inc.
200 Commerce Way
Pulaski, TN 38478

Business Industry

Automotive Parts and Accessories Stores (NAICS code 441310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-07

Similar Companies near Pulaski

In the Pulaski area, 2 businesses in the "Automotive Parts and Accessories Stores" industry received a PPP loan. These local businesses reported an average of 133 employees (compared to this company's 264) and received an average PPP loan of $1,493,382 (compared to this company's $2.98M).

Similar Nearby Businesses Who Received PPP Funding:

M & M Custom Automotive
Pulaski, TN

$9,463 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,618 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $952,726,641.00 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 9 employees, 97% lower than Saargummi Tennessee, Inc.'s reported 264 employees, and received an average PPP loan of $82,004, 97% lower than this company's loan of $2.98M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/saargummi-tennessee-inc-pulaski-tn