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PPP Loan Data — Advanced Core Concepts, LLC, Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Advanced Core Concepts, LLC
GA

Advanced Core Concepts, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Management Consulting Services

Location: Atlanta, GA

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Advanced Core Concepts, LLC is a limited liability company (LLC) located at 3715 Northside Pkwy Nw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $9,151,464.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$9.15M

Jobs Retained:

453

Loan Approved:

2020-04-09

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Advanced Core Concepts, LLC received a Paycheck Protection Loan of $9.15M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Advanced Core Concepts, LLC's total 2019 payroll expenses were approximately $43.93M in order to qualify for the PPP loan amount received.

Based on their reported 453 jobs retained, this equals an estimated average yearly compensation of $96,969 per employee1.

Because the loan received by Advanced Core Concepts, LLC 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 - Advanced Core Concepts, LLC in Atlanta, GA

Advanced Core Concepts, LLC
3715 Northside Pkwy Nw
Atlanta, GA 30327

Business Industry

Other Management Consulting Services (NAICS code 541618)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Similar Companies near Atlanta

In the Atlanta area, 84 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 453) and received an average PPP loan of $214,122 (compared to this company's $9.15M).

Industry PPP Comparison Statistics

Nationwide, 45,812 businesses in the "Other Management Consulting Services" industry received a total of $2,639,462,577.00 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 4 employees, 99% lower than Advanced Core Concepts, LLC's reported 453 employees, and received an average PPP loan of $57,615, 99% lower than this company's loan of $9.15M.

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/advanced-core-concepts-llc-atlanta-ga