PPP Loan Data — Advanced Core Concepts, LLC, Atlanta, GA
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
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.
Business Information - Advanced Core Concepts, LLC in Atlanta, GA
3715 Northside Pkwy Nw
Atlanta, GA 30327
Other Management Consulting Services (NAICS code 541618)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Game Theory College Planners, LLC
Sandy Springs, GA
DRB Development Solutions
Diverse Resources, Corp
Davenport Ewing Consulting
DD Waters III, LLC
Bickers Consulting Group, LLC
Pegasus Partners LLC
Allergy Consulting Group, LLC
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!