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PPP Loan Data — Superior Steel, Inc., Knoxville, TN

SBA PPP loan data, payroll data, and salaries for Superior Steel, Inc.
TN

Superior Steel, Inc.

Entity: Limited Liability Company (LLC)

Industry: Other Heavy and Civil Engineering Construction

Location: Knoxville, TN

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Superior Steel, Inc. is a limited liability company (LLC) located at 5227 N National Dr in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,993,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.99M

Jobs Retained:

285

Loan Approved:

2020-04-13

Lender:

PINNACLE BANK

Superior Steel, Inc. received a Paycheck Protection Loan of $3.99M through PINNACLE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Superior Steel, Inc.'s total 2019 payroll expenses were approximately $19.17M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $67,256 per employee1.

Because the loan received by Superior Steel, 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 - Superior Steel, Inc. in Knoxville, TN

Superior Steel, Inc.
5227 N National Dr
Knoxville, TN 37914

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-02

Similar Companies near Knoxville

In the Knoxville area, 2 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 145 employees (compared to this company's 285) and received an average PPP loan of $2,013,896 (compared to this company's $3.99M).

Similar Nearby Businesses Who Received PPP Funding:

Southern Shores Development, LLC
Knoxville, TN

$34,492 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 93% lower than Superior Steel, Inc.'s reported 285 employees, and received an average PPP loan of $308,548, 92% lower than this company's loan of $3.99M.

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.

Search FederalPay's Full PPP Loan Database

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/superior-steel-inc-knoxville-tn