PPP Loan Data — Evergreen Ventures Planet LLC, Atlanta, GA
Evergreen Ventures Planet LLC is a limited liability company (LLC) located at 1155 Lavista Rd Ne Ste 6 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,182.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Evergreen Ventures Planet LLC in Atlanta, GA received a Paycheck Protection Loan of $25,182 through Bank of America, National Association, 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, Evergreen Ventures Planet LLC's 2019 payroll expenses are estimated to be at least $120,874.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,634 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evergreen Ventures Planet LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,182
Business Information - Evergreen Ventures Planet LLC in Atlanta, GA
1155 Lavista Rd Ne Ste 6
Atlanta, GA 30324
Business Owner Demographics
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 Evergreen Ventures Planet LLC's reported 14 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,182.
FederalPay's PPP Information Policy
Footnotes & Information
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