PPP Loan Data — First Corporate International, Marietta, GA
First Corporate International
Entity: Subchapter S Corporation
Location: Marietta, GATweet This • Search All PPP Data
First Corporate International is a subchapter s corporation located at 2470 Windy Hill Road Se 300 in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,648,355.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
First Corporate International in Marietta, GA received a Paycheck Protection Loan of $1.65M through Cross River 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, First Corporate International's 2019 payroll expenses are estimated to be at least $7.91M.
Based on their reported 86 jobs retained, this equals an estimated average yearly compensation of $92,001 per employee1
Reported PPP Proceed Usage:
On the PPP application, First Corporate International reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,648,355
Business Information - First Corporate International in Marietta, GA
2470 Windy Hill Road Se 300
Marietta, GA 30067
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Marietta
In the Marietta area, 97 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 86) and received an average PPP loan of $82,701 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
Kuraoka Clinic, LLC
Aica Orthopedics PC
Bodie Industries LLC
East Cobb Pediatrics
Lawrence Nathan MD Inc
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 87% lower than First Corporate International's reported 86 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.65M.
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Footnotes & Information
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