PPP Loan Data — Greenberg Farrow Architecture Incorporated, Atlanta, GA
Greenberg Farrow Architecture Incorporated is a subchapter s corporation located at 1430 W Peachtree St Nw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,166,500.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Greenberg Farrow Architecture Incorporated received a Paycheck Protection Loan of $4.17M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Greenberg Farrow Architecture Incorporated's total 2019 payroll expenses were approximately $20M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $78,737 per employee1.
Business Information - Greenberg Farrow Architecture Incorporated in Atlanta, GA
1430 W Peachtree St Nw
Atlanta, GA 30309
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 27 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 254) and received an average PPP loan of $401,994 (compared to this company's $4.17M).
Similar Nearby Businesses Who Received PPP Funding:
Appleby + Laccetti Architects, Inc.
Cleverhouse By Watershed Corporation
Summerour & Associates Architects, Inc.
Mary F Turnipseed
Gray Reese LLC
Ross Piper Architect
KUO Diedrich Inc
Peter Block And Associates
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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 8 employees, 97% lower than Greenberg Farrow Architecture Incorporated's reported 254 employees, and received an average PPP loan of $149,750, 96% lower than this company's loan of $4.17M.
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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