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PPP Loan Data — Smart Source Enterprises LLC,
Suwanee, GA
Smart Source Enterprises LLC
Entity: Limited Liability Company (LLC)
Industry: Stationery and Office Supplies Merchant Wholesalers
Location: Suwanee, GA
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Smart Source Enterprises LLC is a limited liability company (LLC) located at 7270 Mcginnis Ferry Rd in Suwanee, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,439,191.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
223Loan Approved:
2020-04-28Lender:
SYNOVUS BANKSmart Source Enterprises LLC in Suwanee, GA received a Paycheck Protection Loan of $3.44M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smart Source Enterprises LLC's total 2019 payroll expenses were approximately $16.51M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $74,027 per employee1.
Business Information - Smart Source Enterprises LLC in Suwanee, GA
7270 Mcginnis Ferry Rd
Suwanee, GA 30024
Business Industry
Stationery and Office Supplies Merchant Wholesalers (NAICS code 424120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-06Similar Companies near Suwanee
In the Suwanee area, 3 businesses in the "Stationery and Office Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 223) and received an average PPP loan of $1,151,742 (compared to this company's $3.44M).
Similar Nearby Businesses Who Received PPP Funding:
Great Power Trucking Inc
Suwanee, GA
Jdkd Technologies LLC
Suwanee, GA
Industry PPP Comparison Statistics
Nationwide, 1,202 businesses in the "Stationery and Office Supplies Merchant Wholesalers" industry received a total of $148,763,960.00 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 10 employees, 96% lower than Smart Source Enterprises LLC's reported 223 employees, and received an average PPP loan of $123,764, 96% lower than this company's loan of $3.44M.
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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