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PPP Loan Data — Service Management Systems, Inc.,
Nashville, TN
Service Management Systems, Inc.
Entity: Subchapter S Corporation
Industry: Other Services to Buildings and Dwellings
Location: Nashville, TN
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Service Management Systems, Inc. is a subchapter s corporation located at 7135 Charlotte Pike in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $5,233,700.00 in June, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-06-11Lender:
U.S. BANK, NATIONAL ASSOCIATIONService Management Systems, Inc. received a Paycheck Protection Loan of $5.23M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, Service Management Systems, Inc.'s total 2019 payroll expenses were approximately $25.12M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $50,244 per employee1.
Business Information - Service Management Systems, Inc. in Nashville, TN
7135 Charlotte Pike
Nashville, TN 37209
Business Industry
Other Services to Buildings and Dwellings (NAICS code 561790)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-05Similar Companies near Nashville
In the Nashville area, 4 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 500) and received an average PPP loan of $1,365,274 (compared to this company's $5.23M).
Similar Nearby Businesses Who Received PPP Funding:
Adams Swimming Pool, Inc.
Nashville, TN
West Meade Pools, Inc
Nashville, TN
Taylor-Malone Cleaning Service LLC
Nashville, TN
Industry PPP Comparison Statistics
Nationwide, 13,475 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $767,779,431.00 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 7 employees, 99% lower than Service Management Systems, Inc.'s reported 500 employees, and received an average PPP loan of $56,978, 99% lower than this company's loan of $5.23M.
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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