PPP Loan Data — DSM Preschools, LLC, Chamblee, GA
DSM Preschools, LLC is a limited liability company (LLC) located at 3570 American Drive in Chamblee, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Live Oak Banking Company
DSM Preschools, LLC in Chamblee, GA received a Paycheck Protection Loan of $46,700 through Live Oak Banking Company, which was approved in April, 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, DSM Preschools, LLC's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, DSM Preschools, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - DSM Preschools, LLC in Chamblee, GA
3570 American Drive
Chamblee, GA 30341
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chamblee
In the Chamblee area, 34 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 13) and received an average PPP loan of $68,342 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Open Arms Lutheran Child Development Center Of Buckhead Inc
Precious Moments Nursery LLC
Briarcliff Day Care, Inc
Tender Years Learning Corporation
Northwoods Montessori Inc
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B 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 8 employees, 38% lower than DSM Preschools, LLC's reported 13 employees, and received an average PPP loan of $41,676, 11% lower than this company's loan of $46,700.
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Footnotes & Information
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