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PPP Loan Data — Great Power Trucking Inc, Suwanee, GA

SBA PPP loan data, payroll data, and salaries for Great Power Trucking Inc
GA

Great Power Trucking Inc

Entity: Corporation

Industry: Stationery and Office Supplies Merchant Wholesalers

Location: Suwanee, GA

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Great Power Trucking Inc is a corporation located at 4238 Woods Creek Lane in Suwanee, Georgia that received a Coronavirus-related PPP loan from the SBA of $9,711.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$9,711

Jobs Retained:

2

Loan Approved:

2020-05-14

Lender:

KABBAGE, INC.

Great Power Trucking Inc received a Paycheck Protection Loan of $9,711 through KABBAGE, INC., which was approved in May, 2020.

Based on standard PPP eligibility rules, Great Power Trucking Inc's total 2019 payroll expenses were approximately $46,613 in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $23,307 per employee1.

Business Information - Great Power Trucking Inc in Suwanee, GA

Great Power Trucking Inc
4238 Woods Creek Lane
Suwanee, GA 30024

Business Industry

Stationery and Office Supplies Merchant Wholesalers (NAICS code 424120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-07

Similar Companies near Suwanee

In the Suwanee area, 3 businesses in the "Stationery and Office Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 2) and received an average PPP loan of $1,151,742 (compared to this company's $9,711).

Industry PPP Comparison Statistics

Nationwide, 1,202 businesses in the "Stationery and Office Supplies Merchant Wholesalers" industry received a total of $148,763,960.00 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, 400% higher than Great Power Trucking Inc's reported 2 employees, and received an average PPP loan of $123,764, 1174% higher than this company's loan of $9,711.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/great-power-trucking-inc-suwanee-ga