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PPP Loan Data — Cooperative For Assistance And Relief Everywhere, Inc, Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Cooperative For Assistance And Relief Everywhere, Inc
GA

Cooperative For Assistance And Relief Everywhere, Inc

Entity: Corporation

Industry: Emergency and Other Relief Services

Location: Atlanta, GA

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Cooperative For Assistance And Relief Everywhere, Inc is a corporation located at 151 Ellis St Ne in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $6,264,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.26M

Jobs Retained:

397

Loan Approved:

2020-04-11

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Cooperative For Assistance And Relief Everywhere, Inc in Atlanta, GA received a Paycheck Protection Loan of $6.26M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cooperative For Assistance And Relief Everywhere, Inc's total 2019 payroll expenses were approximately $30.07M in order to qualify for the PPP loan amount received.

Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $75,747 per employee1.

Because the loan received by Cooperative For Assistance And Relief Everywhere, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Cooperative For Assistance And Relief Everywhere, Inc in Atlanta, GA

Cooperative For Assistance And Relief Everywhere, Inc
151 Ellis St Ne
Atlanta, GA 30303

Business Industry

Emergency and Other Relief Services (NAICS code 624230)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-05

Industry PPP Comparison Statistics

Nationwide, 903 businesses in the "Emergency and Other Relief Services" industry received a total of $150,157,406.00 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 16 employees, 96% lower than Cooperative For Assistance And Relief Everywhere, Inc's reported 397 employees, and received an average PPP loan of $166,287, 97% lower than this company's loan of $6.26M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cooperative-for-assistance-and-relief-everywhere-inc-atlanta-ga