PPP Loan Data — Coastal Property Care, LLC, Savannah, GA
Coastal Property Care, LLC
Entity: Limited Liability Company (LLC)
Location: Savannah, GATweet This • Search All PPP Data
Coastal Property Care, LLC is a limited liability company (LLC) located at 125 Park Of Commerce Dr in Savannah, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Great Oaks Bank
Coastal Property Care, LLC in Savannah, GA received a Paycheck Protection Loan of $46,300 through Great Oaks Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Coastal Property Care, LLC's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $10,583 per employee1
Reported PPP Proceed Usage:
On the PPP application, Coastal Property Care, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Coastal Property Care, LLC in Savannah, GA
125 Park Of Commerce Dr
Savannah, GA 31405
Other Personal and Household Goods Repair and Maintenance
NAICS code 811490
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Savannah
In the Savannah area, 13 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 21) and received an average PPP loan of $14,933 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Kim's Tailor Shop Inc
Andronikos Fine Jewelry Inc
Sandfly Custom Framing LLC
Industry PPP Comparison Statistics
Nationwide, 26,317 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a total of $687.28M 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 3 employees, 86% lower than Coastal Property Care, LLC's reported 21 employees, and received an average PPP loan of $26,116, 44% lower than this company's loan of $46,300.
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Footnotes & Information
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