PPP Loan Data — Smith Seckman Reid Inc, Nashville, TN
Smith Seckman Reid Inc is a corporation located at 2995 Sidco Dr in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $8,062,300.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Smith Seckman Reid Inc in Nashville, TN received a Paycheck Protection Loan of $8.06M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smith Seckman Reid Inc's total 2019 payroll expenses were approximately $38.7M in order to qualify for the PPP loan amount received.
Based on their reported 427 jobs retained, this equals an estimated average yearly compensation of $90,630 per employee1.
Business Information - Smith Seckman Reid Inc in Nashville, TN
2995 Sidco Dr
Nashville, TN 37204
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-05
Similar Companies near Nashville
In the Nashville area, 16 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 427) and received an average PPP loan of $922,897 (compared to this company's $8.06M).
Similar Nearby Businesses Who Received PPP Funding:
Planned Design And Research Engineers
Dewey Engineering, LLC
Power Management Corporation
EMC Structural Engineers, PC
Dale And Associates Inc
Logan Patri Engineering, Inc.
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 97% lower than Smith Seckman Reid Inc's reported 427 employees, and received an average PPP loan of $249,856, 97% lower than this company's loan of $8.06M.
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