PPP Loan Data — Credocpa, LLC, Alpharetta, GA
Credocpa, LLC is a limited liability company (LLC) located at 3800 Mansell Road Suite 150 in Alpharetta, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,680.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Credocpa, LLC in Alpharetta, GA received a Paycheck Protection Loan of $46,680 through Customers Bank, which was approved in May, 2020.
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, Credocpa, LLC's 2019 payroll expenses are estimated to be at least $224,064.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,008 per employee1
Reported PPP Proceed Usage:
On the PPP application, Credocpa, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,680
Business Information - Credocpa, LLC in Alpharetta, GA
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Credocpa, LLC's reported 8 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,680.
FederalPay's PPP Information Policy
Footnotes & Information
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