PPP Loan Data — Avants Operations, LLC, Athens, GA
Avants Operations, LLC is a limited liability company (LLC) located at 1091 Founders Boulevard in Athens, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,566,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Avants Operations, LLC in Athens, GA received a Paycheck Protection Loan of $2.57M through Regions Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Avants Operations, LLC's 2019 payroll expenses are estimated to be at least $12.32M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $24,638 per employee1
Reported PPP Proceed Usage:
On the PPP application, Avants Operations, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,566,500
Business Information - Avants Operations, LLC in Athens, GA
1091 Founders Boulevard
Athens, GA 30606
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Athens
In the Athens area, 99 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 500) and received an average PPP loan of $120,015 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Donna Chang's Athens LLC
AK Sakura Inc
Love Apple Enterprises LLC
J. Christopher's Athens, LLC
Cajun Seafood Athens LLC
The Taco Stand Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than Avants Operations, LLC's reported 500 employees, and received an average PPP loan of $129,504, 95% lower than this company's loan of $2.57M.
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Footnotes & Information
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