PPP Loan Data — Boys And Girls Clubs Of Metro Atlanta, Atlanta, GA
Boys And Girls Clubs Of Metro Atlanta is a non-profit organization located at Peachtree St in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,496,070.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Boys And Girls Clubs Of Metro Atlanta in Atlanta, GA received a Paycheck Protection Loan of $2.5M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Boys And Girls Clubs Of Metro Atlanta's 2019 payroll expenses are estimated to be at least $11.98M.
Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $36,528 per employee1
Reported PPP Proceed Usage:
On the PPP application, Boys And Girls Clubs Of Metro Atlanta reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,496,070
Business Information - Boys And Girls Clubs Of Metro Atlanta in Atlanta, GA
Atlanta, GA 30309
Civic and Social Organizations
NAICS code 813410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 12 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 328) and received an average PPP loan of $447,223 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Atlanta Womans Club
Georgia Congress Of Parents And Teachers
Environmental Fund For Georgia Inc
Pianos For Peace, Inc
National Black Mba Association Inc
Boys And Girls Club Of Metro Atlanta
Big Citizen LLC
Jewish Kids Groups Foundation
Industry PPP Comparison Statistics
Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 94% lower than Boys And Girls Clubs Of Metro Atlanta's reported 328 employees, and received an average PPP loan of $140,085, 94% lower than this company's loan of $2.5M.
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Footnotes & Information
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