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PPP Loan Data — Flowers, Inc, Bogart, GA

SBA PPP loan data, payroll data, and salaries for Flowers, Inc
GA

Flowers, Inc

Entity: Subchapter S Corporation

Industry: Other Miscellaneous Nondurable Goods Merchant Wholesalers

Location: Bogart, GA

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Flowers, Inc is a subchapter s corporation located at 325 Cleveland Rd in Bogart, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,991,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.99M

Jobs Retained:

248

Loan Approved:

2020-04-03

Lender:

FIRST AMERICAN BANK & TRUST COMPANY

Flowers, Inc received a Paycheck Protection Loan of $2.99M through FIRST AMERICAN BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Flowers, Inc's total 2019 payroll expenses were approximately $14.36M in order to qualify for the PPP loan amount received.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $57,898 per employee1.

Because the loan received by Flowers, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Flowers, Inc in Bogart, GA

Flowers, Inc
325 Cleveland Rd
Bogart, GA 30622

Business Industry

Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: GA-10

Industry PPP Comparison Statistics

Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 96% lower than Flowers, Inc's reported 248 employees, and received an average PPP loan of $108,082, 96% lower than this company's loan of $2.99M.

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.

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Footnotes & Information

1. 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/flowers-inc-bogart-ga