PPP Loan Data — Global Concessions Inc, Atlanta, GA
Global Concessions Inc is a corporation located at Po Box 20905 Airport Facility in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,446,723.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 457 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Global Concessions Inc received a Paycheck Protection Loan of $2.45M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Global Concessions Inc's total 2019 payroll expenses were approximately $11.74M in order to qualify for the PPP loan amount received.
Based on their reported 457 jobs retained, this equals an estimated average yearly compensation of $25,699 per employee1.
Business Information - Global Concessions Inc in Atlanta, GA
Po Box 20905 Airport Facility
Atlanta, GA 30320
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 3 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 457) and received an average PPP loan of $1,020,164 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
POT Likker Creations LLC
H&H Hospitality, LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Global Concessions Inc's reported 457 employees, and received an average PPP loan of $116,685, 95% lower than this company's loan of $2.45M.
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