PPP Loan Data — Guaranty Abstracts, LLC, Eatonton, GA
Guaranty Abstracts, LLC is a limited liability company (LLC) located at 1129 Lake Oconee Pkwy Suite 105 in Eatonton, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,204.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Guaranty Abstracts, LLC in Eatonton, GA received a Paycheck Protection Loan of $25,204 through BankSouth, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Guaranty Abstracts, LLC's 2019 payroll expenses are estimated to be at least $120,979.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,326 per employee1
Reported PPP Proceed Usage:
On the PPP application, Guaranty Abstracts, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,204
Business Information - Guaranty Abstracts, LLC in Eatonton, GA
1129 Lake Oconee Pkwy Suite 105
Eatonton, GA 31024
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 17,879 businesses in the "All Other Legal Services" industry received a total of $860.5M 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 4 employees, 33% higher than Guaranty Abstracts, LLC's reported 3 employees, and received an average PPP loan of $48,129, 91% higher than this company's loan of $25,204.
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Footnotes & Information
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