PPP Loan Data — Flowers, Inc, Bogart, GA
Entity: Subchapter S Corporation
Location: Bogart, GATweet This • Search All PPP Data
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
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.
Business Information - Flowers, Inc in Bogart, GA
325 Cleveland Rd
Bogart, GA 30622
Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional 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.
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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