PPP Loan Data — Hatts Off Films LLC, Fayettville, GA
Hatts Off Films LLC is a limited liability company (LLC) located at 110 Rocky Creek Ct. in Fayettville, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,654.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Hatts Off Films LLC in Fayettville, GA received a Paycheck Protection Loan of $46,654 through Kabbage, Inc., which was approved in July, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Hatts Off Films LLC's 2019 payroll expenses are estimated to be at least $223,939.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,788 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hatts Off Films LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,654
Business Information - Hatts Off Films LLC in Fayettville, GA
110 Rocky Creek Ct.
Fayettville, GA 30214
NAICS code 515120
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayettville
In the Fayettville area, 3 businesses in the "Television Broadcasting" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $22,962 (compared to this company's $46,654).
Similar Nearby Businesses Who Received PPP Funding:
Russell Martin Jr
Morgan Dukes Media Group LLC
Industry PPP Comparison Statistics
Nationwide, 1,944 businesses in the "Television Broadcasting" industry received a total of $257.29M 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 12 employees, 140% higher than Hatts Off Films LLC's reported 5 employees, and received an average PPP loan of $132,352, 184% higher than this company's loan of $46,654.
FederalPay's PPP Information Policy
Footnotes & Information
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