PPP Loan Data — Forester & Associates, Atlanta, GA
Forester & Associates is a limited liability company (LLC) located at 3438 Peachtree Road Suite 1200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,918.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Forester & Associates in Atlanta, GA received a Paycheck Protection Loan of $24,918 through Wells Fargo Bank, 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, Forester & Associates' 2019 payroll expenses are estimated to be at least $119,606.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,803 per employee1
Reported PPP Proceed Usage:
On the PPP application, Forester & Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,918
Business Information - Forester & Associates in Atlanta, GA
3438 Peachtree Road Suite 1200
Atlanta, GA 30326
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 45 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $93,035 (compared to this company's $24,918).
Similar Nearby Businesses Who Received PPP Funding:
Angela Michelle Cross - Sole Proprietor
Group Risk Specialists Inc
Gatorgolf Consulting, LLC
Rhodes Risk Advisors LLC
Jake Phillips INS. Agency, Inc
William David Dodd
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 100% higher than Forester & Associates' reported 2 employees, and received an average PPP loan of $39,254, 58% higher than this company's loan of $24,918.
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Footnotes & Information
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