PPP Loan Data — Aprio LLP, Atlanta, GA

Aprio LLP

Entity: Partnership

Industry: Offices of Certified Public Accountants

Location: Atlanta, GA

Aprio LLP is a partnership located at 5 Concourse Pkwy Suite #1000 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $8,315,205.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 498 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8999887001

Loan Size:

$8.32M

Jobs Retained:

498

Loan Approved:

2020-04-09

Loan Status:

Paid in Full or Forgiven

Lender:

Truist Bank

Aprio LLP in Atlanta, GA received a Paycheck Protection Loan of $8.32M through Truist Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.

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.

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.

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, Aprio LLP's 2019 payroll expenses are estimated to be at least $39.91M.

Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $80,147 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Aprio LLP reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $8,315,205

Because the loan received by Aprio LLP 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 - Aprio LLP in Atlanta, GA

Aprio LLP
5 Concourse Pkwy Suite #1000
Atlanta, GA 30328

Business Industry:
Offices of Certified Public Accountants
NAICS code 541211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

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-06

Similar Companies near Atlanta

In the Atlanta area, 58 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 498) and received an average PPP loan of $221,655 (compared to this company's $8.32M).

Similar Nearby Businesses Who Received PPP Funding:

Agee Fisher Barrett LLC
Atlanta, GA

$436,181 PPP Loan

Zuckerman & Associates, PC
Atlanta, GA

$44,300 PPP Loan

CBS Georgia LLC
Atlanta, GA

$46,900 PPP Loan

Fishman & Company PC
Atlanta, GA

$34,000 PPP Loan

Lake City CPAs LLC
Atlanta, GA

$3,045 PPP Loan

Wilson LLP
Atlanta, GA

$137,943 PPP Loan

David B. Floyd CPA PC
Atlanta, GA

$34,750 PPP Loan

Wyrick Consulting LLC
Atlanta, GA

$34,908 PPP Loan

Kiessler & Associates PC
Sandy Springs, GA

$46,100 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 56,833 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 99% lower than Aprio LLP's reported 498 employees, and received an average PPP loan of $74,016, 99% lower than this company's loan of $8.32M.

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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