PPP Loan Data — Gotaplace Investments LLC, Fayetteville, NC
Gotaplace Investments LLC is a limited liability company (LLC) located at 5590 Camden Rd in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 22 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Gotaplace Investments LLC in Fayetteville, NC received a Paycheck Protection Loan of $25,500 through PNC 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, Gotaplace Investments LLC's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $5,564 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gotaplace Investments LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Gotaplace Investments LLC in Fayetteville, NC
5590 Camden Rd
Fayetteville, NC 28306
NAICS code 999990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 5 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 22) and received an average PPP loan of $49,010 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Nimblercare Iqu Inc
JS Us Tkd NC, Inc
Sellers And Sons Inc
2409 Robeson Street LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 55% lower than Gotaplace Investments LLC's reported 22 employees, and received an average PPP loan of $42,878, 68% higher than this company's loan of $25,500.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!