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PPP Loan Data — Southwestern/Great American Inc,
Nashville, TN
Southwestern/Great American Inc
Entity: Corporation
Industry: Educational Support Services
Location: Nashville, TN
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Southwestern/Great American Inc is a corporation located at 2451 Atrium Way in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $154,342.00 in February, 2021.
$
PPP Loan Information
Loan #4527888502
Loan Size:
Jobs Retained:
16Loan Approved:
2021-02-26Loan Status:
Paid in Full or ForgivenLender:
CapStar BankSouthwestern/Great American Inc in Nashville, TN received a Paycheck Protection Loan of $154,342 through CapStar Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Southwestern/Great American Inc's 2019 payroll expenses are estimated to be at least $740,842.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $46,303 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southwestern/Great American Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $154,342
Business Information - Southwestern/Great American Inc in Nashville, TN
2451 Atrium Way
Nashville, TN 37214
Business Industry:
Educational Support Services
NAICS code 611710
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 7 other businesses that received a PPP loan registered to the same address as Southwestern/Great American Inc.
Timothy Scott Sedlock
Insurance Agencies and Brokerages
Southwestern Travel Inc
All Other Travel Arrangement and Reservation Services
HQ Insurance
Insurance Agencies and Brokerages
Southwestern Publishing House Inc
Book Publishers
Great American Opportunities Inc
Other Direct Selling Establishments
Thinkingahead Inc
Executive Search Services
Southwestern Advantage Inc
Other Direct Selling Establishments
Similar Companies near Nashville
In the Nashville area, 8 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 16) and received an average PPP loan of $41,035 (compared to this company's $154,342).
Similar Nearby Businesses Who Received PPP Funding:
Know You Project LLC
Nashville, TN
Makesense, LLC
Nashville, TN
Kimberly B Carraway
Nashville, TN
Learning Matters, Inc
Nashville, TN
Senior Benefits Foundation
Nashville, TN
William Harper
Nashville, TN
Pharmacy Career Coach LLC
Nashville, TN
Industry PPP Comparison Statistics
Nationwide, 38,218 businesses in the "Educational Support Services" industry received a total of $2.32B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 56% lower than Southwestern/Great American Inc's reported 16 employees, and received an average PPP loan of $60,661, 61% lower than this company's loan of $154,342.
Southwestern/Great American, Inc
Entity: Corporation
Industry: Other Direct Selling Establishments
Location: Nashville, TN
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Southwestern/Great American, Inc is a corporation located at 2451 Atrium Way in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $6,643,600.00 in April, 2020.
$
PPP Loan Information
Loan #8372917102
Loan Size:
Jobs Retained:
425Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Pinnacle BankSouthwestern/Great American, Inc in Nashville, TN received a Paycheck Protection Loan of $6.64M through Pinnacle Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Southwestern/Great American, Inc's 2019 payroll expenses are estimated to be at least $31.89M.
Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $75,034 per employee1
Reported PPP Proceed Usage:
On the PPP application, Southwestern/Great American, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,643,600
Business Information - Southwestern/Great American, Inc in Nashville, TN
2451 Atrium Way
Nashville, TN 37214
Business Industry:
Other Direct Selling Establishments
NAICS code 454390
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 7 other businesses that received a PPP loan registered to the same address as Southwestern/Great American, Inc.
Timothy Scott Sedlock
Insurance Agencies and Brokerages
Southwestern Travel Inc
All Other Travel Arrangement and Reservation Services
HQ Insurance
Insurance Agencies and Brokerages
Southwestern Publishing House Inc
Book Publishers
Great American Opportunities Inc
Other Direct Selling Establishments
Thinkingahead Inc
Executive Search Services
Southwestern Advantage Inc
Other Direct Selling Establishments
Similar Companies near Nashville
In the Nashville area, 15 businesses in the "Other Direct Selling Establishments" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 425) and received an average PPP loan of $513,853 (compared to this company's $6.64M).
Similar Nearby Businesses Who Received PPP Funding:
Duvalle Henry
Nashville, TN
George Martin
Nashville, TN
Lisa Robertson DBA None
Nashville, TN
Vernon Lewis
Nashville, TN
Great American Opportunities Inc
Nashville, TN
Shameka Turner
Nashville, TN
Rare Gems Of India
Nashville, TN
Grant S Milling State Farm
Nashville, TN
Industry PPP Comparison Statistics
Nationwide, 36,914 businesses in the "Other Direct Selling Establishments" industry received a total of $1.2B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 99% lower than Southwestern/Great American, Inc's reported 425 employees, and received an average PPP loan of $32,524, 100% lower than this company's loan of $6.64M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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