PPP Loan Data — Superior Steel, Inc., Knoxville, TN
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
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.
Business Information - Superior Steel, Inc. in Knoxville, TN
5227 N National Dr
Knoxville, TN 37914
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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Footnotes & Information
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