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PPP Loan Data — Drb-Believes LLC, Statesboro, GA

ALERT: There are 2 PPP loans for a total of $40,832 in our database for businesses with the name "Drb-Believes LLC" in Statesboro, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Drb-Believes LLC
GA

Drb-Believes LLC

Entity: Limited Liability Company (LLC)

Industry: Lessors of Residential Buildings and Dwellings

Location: Statesboro, GA

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Drb-Believes LLC is a limited liability company (LLC) located in Statesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in May, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8331538901

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-05-11

Loan Status:

Ongoing Loan

Lender:

Prestamos CDFI, LLC

Drb-Believes LLC in Statesboro, GA received a Paycheck Protection Loan of $20,832 through Prestamos CDFI, LLC, which was approved in May, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Drb-Believes LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832

Business Information - Drb-Believes LLC in Statesboro, GA

Drb-Believes LLC
Statesboro, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Lessors of Residential Buildings and Dwellings
NAICS code 531110

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Bulloch County, GA — SBA Office 0405 — Congressional District: GA-12

Similar Companies near Statesboro

In the Statesboro area, 5 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $16,776 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 700% higher than Drb-Believes LLC's reported 1 employees, and received an average PPP loan of $70,456, 238% higher than this company's loan of $20,832.

SBA PPP loan data, payroll data, and salaries for Drb-Believes LLC
GA

Drb-Believes LLC

Entity: Limited Liability Company (LLC)

Industry: Lessors of Residential Buildings and Dwellings

Location: Statesboro, GA

Search All PPP Data

Drb-Believes LLC is a limited liability company (LLC) located in Statesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8408178300

Loan Size:

$20,000

Jobs Retained:

1

Loan Approved:

2021-01-29

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Drb-Believes LLC in Statesboro, GA received a Paycheck Protection Loan of $20,000 through Itria Ventures LLC, which was approved in January, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Drb-Believes LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,998
  • Utilities: $1

Business Information - Drb-Believes LLC in Statesboro, GA

Drb-Believes LLC
Statesboro, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Lessors of Residential Buildings and Dwellings
NAICS code 531110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Bulloch County, GA — SBA Office 0405 — Congressional District: GA-12

Similar Companies near Statesboro

In the Statesboro area, 7 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $26,331 (compared to this company's $20,000).

Industry PPP Comparison Statistics

Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 700% higher than Drb-Believes LLC's reported 1 employees, and received an average PPP loan of $70,456, 252% higher than this company's loan of $20,000.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/drb-believes-llc-statesboro-ga