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PPP Loan Data — Concentric Tax & Consulting PC,
Atlanta, GA
Concentric Tax & Consulting PC
Entity: Subchapter S Corporation
Industry: Offices of Certified Public Accountants
Location: Atlanta, GA
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Concentric Tax & Consulting PC is a subchapter s corporation located at 1899 Powers Ferry Rd Se Ste 440 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $36,698.00 in February, 2021.
$
PPP Loan Information
Loan #5698028403
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-09Loan Status:
Ongoing LoanLender:
Synovus BankConcentric Tax & Consulting PC in Atlanta, GA received a Paycheck Protection Loan of $36,698 through Synovus Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Concentric Tax & Consulting PC's 2019 payroll expenses are estimated to be at least $176,150.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $44,038 per employee1
Reported PPP Proceed Usage:
On the PPP application, Concentric Tax & Consulting PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,694
- Utilities: $1
Business Information - Concentric Tax & Consulting PC in Atlanta, GA
1899 Powers Ferry Rd Se Ste 440
Atlanta, GA 30339
Business Industry:
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Concentric Tax & Consulting PC.
PAY Team LLC
Payroll Services
Similar Companies near Atlanta
In the Atlanta area, 69 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 4) and received an average PPP loan of $217,825 (compared to this company's $36,698).
Similar Nearby Businesses Who Received PPP Funding:
TVT Financial Solutions
Atlanta, GA
Pytel Associates Income Tax & Acct. Serv. LLC
Atlanta, GA
Smith Adcock & Company
Atlanta, GA
Otbt LLC
Atlanta, GA
Larry A Gilbert CPA PC
Atlanta, GA
AFM CPA's And Advisors LLC
Dunwoody, GA
David Murray CPA
Atlanta, GA
Attaway Swaim And Associates, Inc
Atlanta, GA
Alegna Financial Management, Inc
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 56,833 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 50% higher than Concentric Tax & Consulting PC's reported 4 employees, and received an average PPP loan of $74,016, 102% higher than this company's loan of $36,698.
Concentric Tax & Consulting PC
Entity: Subchapter S Corporation
Industry: Unknown
Location: Atlanta, GA
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Concentric Tax & Consulting PC is a subchapter s corporation located at 1899 Powers Ferry Rd Se Ste 440 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $34,908.00 in May, 2020.
$
PPP Loan Information
Loan #9774757709
Loan Size:
Jobs Retained:
2Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Synovus BankConcentric Tax & Consulting PC in Atlanta, GA received a Paycheck Protection Loan of $34,908 through Synovus Bank, which was approved in May, 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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Concentric Tax & Consulting PC's 2019 payroll expenses are estimated to be at least $167,558.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $83,779 per employee1
Reported PPP Proceed Usage:
On the PPP application, Concentric Tax & Consulting PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,908
Business Information - Concentric Tax & Consulting PC in Atlanta, GA
1899 Powers Ferry Rd Se Ste 440
Atlanta, GA 30339
Business Industry:
Unknown
NAICS code 0
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Concentric Tax & Consulting PC.
PAY Team LLC
Payroll Services
Similar Companies near Atlanta
In the Atlanta area, 6,163 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $102,740 (compared to this company's $34,908).
Similar Nearby Businesses Who Received PPP Funding:
Yvette Mcfall
Atlanta, GA
Asun Conference Inc
Atlanta, GA
Teal Marketing, Inc
Atlanta, GA
Colleen Taylor
Dunwoody, GA
Cortes Financial Group LLC
Atlanta, GA
Blad And Associates PC
Dunwoody, GA
Whitney Blankenship
Dunwoody, GA
Here We Go Productions
Dunwoody, GA
IC Wonderland LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 132,323 businesses in the "Unknown" industry received a total of $5.85B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 550% higher than Concentric Tax & Consulting PC's reported 2 employees, and received an average PPP loan of $44,229, 27% higher than this company's loan of $34,908.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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