PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — 3 Strand Films LLC, Atlanta, GA

ALERT: There are 2 PPP loans for a total of $41,488 in our database for businesses with the name "3 Strand Films LLC" in Atlanta, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for 3 Strand Films LLC
GA

3 Strand Films LLC

Entity: Limited Liability Company (LLC)

Industry: Other Motion Picture and Video Industries

Location: Atlanta, GA

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3 Strand Films LLC is a limited liability company (LLC) located at 1570 Northside Dr Nw Bldg 200a in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in February, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #2037508404

Loan Size:

$25,000

Jobs Retained:

5

Loan Approved:

2021-02-03

Loan Status:

Ongoing Loan

Lender:

City National Bank

3 Strand Films LLC in Atlanta, GA received a Paycheck Protection Loan of $25,000 through City National Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, 3 Strand Films LLC's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, 3 Strand Films LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,999

Business Information - 3 Strand Films LLC in Atlanta, GA

3 Strand Films LLC
1570 Northside Dr Nw Bldg 200a
Atlanta, GA 30318

Business Industry:
Other Motion Picture and Video Industries
NAICS code 512199

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fulton County, GA — SBA Office 0405 — Congressional District: GA-05

Similar Companies near Atlanta

In the Atlanta area, 12 businesses in the "Other Motion Picture and Video Industries" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $17,580 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 3,234 businesses in the "Other Motion Picture and Video Industries" industry received a total of $108.97M 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, 40% lower than 3 Strand Films LLC's reported 5 employees, and received an average PPP loan of $33,695, 35% higher than this company's loan of $25,000.

SBA PPP loan data, payroll data, and salaries for 3 Strand Films, LLC
GA

3 Strand Films, LLC

Entity: Limited Liability Company (LLC)

Industry: Motion Picture and Video Production

Location: Atlanta, GA

Search All PPP Data

3 Strand Films, LLC is a limited liability company (LLC) located at 1570 Northside Dr Nw Bldg 200-a in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $16,488.00 in April, 2020.

The company has reported itself as a Black or african american male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8934187100

Loan Size:

$16,488

Jobs Retained:

2

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

City National Bank

3 Strand Films, LLC in Atlanta, GA received a Paycheck Protection Loan of $16,488 through City National Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, 3 Strand Films, LLC's 2019 payroll expenses are estimated to be at least $79,142.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $39,571 per employee1

Reported PPP Proceed Usage:

On the PPP application, 3 Strand Films, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $16,488

Business Information - 3 Strand Films, LLC in Atlanta, GA

3 Strand Films, LLC
1570 Northside Dr Nw Bldg 200-a
Atlanta, GA 30318

Business Industry:
Motion Picture and Video Production
NAICS code 512110

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fulton County, GA — SBA Office 0405 — Congressional District: GA-05

Similar Companies near Atlanta

In the Atlanta area, 86 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $117,490 (compared to this company's $16,488).

Industry PPP Comparison Statistics

Nationwide, 29,645 businesses in the "Motion Picture and Video Production" industry received a total of $1.3B 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 4 employees, 100% higher than 3 Strand Films, LLC's reported 2 employees, and received an average PPP loan of $43,882, 166% higher than this company's loan of $16,488.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/3-strand-films-llc-atlanta-ga