PPP Loan Data — Corporate Environmental Risk Mgmt LLC, Tucker, GA
Corporate Environmental Risk Mgmt LLC is a limited liability company (LLC) located at 1990 Lakeside Pkwy Ste 300 in Tucker, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,519,260.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Corporate Environmental Risk Mgmt LLC in Tucker, GA received a Paycheck Protection Loan of $1.52M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
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
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, Corporate Environmental Risk Mgmt LLC's 2019 payroll expenses are estimated to be at least $7.29M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $70,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Corporate Environmental Risk Mgmt LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,519,260
Business Information - Corporate Environmental Risk Mgmt LLC in Tucker, GA
1990 Lakeside Pkwy Ste 300
Tucker, GA 30084
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tucker
In the Tucker area, 21 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 103) and received an average PPP loan of $181,894 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Designer Life Engineering LLC
USA Inspection Services, LLC
Building Maintenance Optimization Consultants
Stone Mountain, GA
Leppard Johnson & Associates PC
Air Heat Mechanical Contr
Matrix Engineering Group Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 87% lower than Corporate Environmental Risk Mgmt LLC's reported 103 employees, and received an average PPP loan of $194,873, 87% lower than this company's loan of $1.52M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!