PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Escapery Creations LLC, Marietta, GA

ALERT: There are 2 PPP loans for a total of $45,761 in our database for businesses with the name "Escapery Creations LLC" in Marietta, 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 Escapery Creations LLC
GA

Escapery Creations LLC

Entity: Limited Liability Company (LLC)

Industry: Amusement and Theme Parks

Location: Marietta, GA

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Escapery Creations LLC is a limited liability company (LLC) located at 1349 Old 41 Hwy Nw Ste 250 in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,561.00 in February, 2021.

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

$ PPP Loan Information
Loan #9559718407

Loan Size:

$20,561

Jobs Retained:

10

Loan Approved:

2021-02-17

Loan Status:

Ongoing Loan

Lender:

Ameris Bank

Escapery Creations LLC in Marietta, GA received a Paycheck Protection Loan of $20,561 through Ameris Bank, which was approved in February, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Escapery Creations LLC's 2019 payroll expenses are estimated to be at least $98,693.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $9,869 per employee1

Reported PPP Proceed Usage:

On the PPP application, Escapery Creations LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,559
  • Utilities: $1

Business Information - Escapery Creations LLC in Marietta, GA

Escapery Creations LLC
1349 Old 41 Hwy Nw Ste 250
Marietta, GA 30060

Business Industry:
Amusement and Theme Parks
NAICS code 713110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Industry PPP Comparison Statistics

Nationwide, 2,323 businesses in the "Amusement and Theme Parks" industry received a total of $342.58M 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 33 employees, 230% higher than Escapery Creations LLC's reported 10 employees, and received an average PPP loan of $147,473, 617% higher than this company's loan of $20,561.

SBA PPP loan data, payroll data, and salaries for Escapery Creations, LLC
GA

Escapery Creations, LLC

Entity: Limited Liability Company (LLC)

Industry: Amusement Arcades

Location: Marietta, GA

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Escapery Creations, LLC is a limited liability company (LLC) located at 1349 Old 41 Hwy Suite 250 in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.

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

$ PPP Loan Information
Loan #1403637103

Loan Size:

$25,200

Jobs Retained:

12

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Ameris Bank

Escapery Creations, LLC in Marietta, GA received a Paycheck Protection Loan of $25,200 through Ameris Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Escapery Creations, LLC's 2019 payroll expenses are estimated to be at least $120,960.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,080 per employee1

Reported PPP Proceed Usage:

On the PPP application, Escapery Creations, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,200
  • Utilities: $2,500
  • Rent: $2,500

Business Information - Escapery Creations, LLC in Marietta, GA

Escapery Creations, LLC
1349 Old 41 Hwy Suite 250
Marietta, GA 30060

Business Industry:
Amusement Arcades
NAICS code 713120

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Industry PPP Comparison Statistics

Nationwide, 2,503 businesses in the "Amusement Arcades" industry received a total of $151.51M 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 15 employees, 25% higher than Escapery Creations, LLC's reported 12 employees, and received an average PPP loan of $60,532, 140% higher than this company's loan of $25,200.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/escapery-creations-llc-marietta-ga