PPP Loan Data — Chris 180, Inc, Atlanta, GA
Chris 180, Inc is a corporation located at 1030 Fayetteville Rd in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,600,149.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cadence Bank, National Association
Chris 180, Inc in Atlanta, GA received a Paycheck Protection Loan of $2.6M through Cadence Bank, National Association, 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, Chris 180, Inc's 2019 payroll expenses are estimated to be at least $12.48M.
Based on their reported 374 jobs retained, this equals an estimated average yearly compensation of $33,371 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chris 180, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,600,149
Business Information - Chris 180, Inc in Atlanta, GA
1030 Fayetteville Rd
Atlanta, GA 30316
Other Grantmaking and Giving Services
NAICS code 813219
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, 7 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 374) and received an average PPP loan of $401,043 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Shiland Creative Group, Inc
Resources For Residents And Communities Of Georgia Inc
Restoration Atl Mission, Inc
Friendship Center Of Atlanta Inc
Atlanta Bicycle Coalition
Radical Fitness Ministries Inc
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 96% lower than Chris 180, Inc's reported 374 employees, and received an average PPP loan of $134,570, 95% lower than this company's loan of $2.6M.
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Footnotes & Information
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