Atarts, LLC in Durham, NC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Atarts, LLC, Durham, NC

Atarts, LLC

Entity: Subchapter S Corporation

Industry: Solar Electric Power Generation

Location: Durham, NC

Atarts, LLC is a subchapter s corporation located at 800 Taylor Street, in Durham, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,769,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.77M

Jobs Retained:

181

Loan Approved:

2020-04-13

Lender:

REGIONS BANK

Atarts, LLC received a Paycheck Protection Loan of $3.77M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Atarts, LLC's total 2019 payroll expenses were approximately $18.09M in order to qualify for the PPP loan amount received.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $99,951 per employee¹.

Because the loan received by Atarts, 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 - Atarts, LLC in Durham, NC

Atarts, LLC
800 Taylor Street,
Durham, NC 27701

Business Industry

Solar Electric Power Generation (NAICS code 221114)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-01

Similar Companies near Durham

In the Durham area, 2 businesses in the "Solar Electric Power Generation" industry received a PPP loan. These local businesses reported an average of 206 employees (compared to this company's 181) and received an average PPP loan of $3,094,100 (compared to this company's $3.77M).

Similar Nearby Businesses Who Received PPP Funding:

SSH Holdco 1, LLC
Durham, NC

$2.42M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,073 businesses in the "Solar Electric Power Generation" industry received a total of $155,084,009.00 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 10 employees, 94% lower than Atarts, LLC's reported 181 employees, and received an average PPP loan of $144,533, 96% lower than this company's loan of $3.77M.

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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