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PPP Loan Data — Atlas Technologies, Inc., North Charleston, SC

SBA PPP loan data, payroll data, and salaries for Atlas Technologies, Inc.
SC

Atlas Technologies, Inc.

Entity: Subchapter S Corporation

Industry: Computer Systems Design Services

Location: North Charleston, SC

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Atlas Technologies, Inc. is a subchapter s corporation located at 5416 Rivers Ave in North Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $4,414,400.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 242 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.41M

Jobs Retained:

242

Loan Approved:

2020-04-15

Lender:

REGIONS BANK

Atlas Technologies, Inc. received a Paycheck Protection Loan of $4.41M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Atlas Technologies, Inc.'s total 2019 payroll expenses were approximately $21.19M in order to qualify for the PPP loan amount received.

Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $87,558 per employee1.

Because the loan received by Atlas Technologies, Inc. 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 - Atlas Technologies, Inc. in North Charleston, SC

Atlas Technologies, Inc.
5416 Rivers Ave
North Charleston, SC 29406

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: SC-06

Similar Companies near North Charleston

In the North Charleston area, 11 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 242) and received an average PPP loan of $710,101 (compared to this company's $4.41M).

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 96% lower than Atlas Technologies, Inc.'s reported 242 employees, and received an average PPP loan of $181,408, 96% lower than this company's loan of $4.41M.

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.

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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/atlas-technologies-inc-north-charleston-sc