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PPP Loan Data — Codemettle, LLC,
Atlanta, GA
Codemettle, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Computer Related Services
Location: Atlanta, GA
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Codemettle, LLC is a limited liability company (LLC) located at 6 Concourse Pkwy in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,528,965.00 in May, 2020.
The company has reported itself as a Hispanic owned business, and employed at least 130 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
130Loan Approved:
2020-05-01Lender:
BBVA USACodemettle, LLC received a Paycheck Protection Loan of $2.53M through BBVA USA, which was approved in May, 2020.
Based on standard PPP eligibility rules, Codemettle, LLC's total 2019 payroll expenses were approximately $12.14M in order to qualify for the PPP loan amount received.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $93,377 per employee1.
Business Information - Codemettle, LLC in Atlanta, GA
6 Concourse Pkwy
Atlanta, GA 30328
Business Industry
Other Computer Related Services (NAICS code 541519)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-06Similar Companies near Atlanta
In the Atlanta area, 11 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 130) and received an average PPP loan of $332,094 (compared to this company's $2.53M).
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Industry PPP Comparison Statistics
Nationwide, 12,205 businesses in the "Other Computer Related Services" industry received a total of $2,142,018,033.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 92% lower than Codemettle, LLC's reported 130 employees, and received an average PPP loan of $175,503, 93% lower than this company's loan of $2.53M.
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.
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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