PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hollis Cobb Associates, Inc., Duluth, GA

SBA PPP loan data, payroll data, and salaries for Hollis Cobb Associates, Inc.
GA

Hollis Cobb Associates, Inc.

Entity: Subchapter S Corporation

Industry: Collection Agencies

Location: Duluth, GA

Search All PPP Data

Hollis Cobb Associates, Inc. is a subchapter s corporation located at 3175 Satellite Blvd. Bldg. 600, Ste. 400 in Duluth, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,371,547.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.37M

Jobs Retained:

323

Loan Approved:

2020-04-07

Lender:

PINNACLE BANK

Hollis Cobb Associates, Inc. received a Paycheck Protection Loan of $3.37M through PINNACLE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hollis Cobb Associates, Inc.'s total 2019 payroll expenses were approximately $16.18M in order to qualify for the PPP loan amount received.

Based on their reported 323 jobs retained, this equals an estimated average yearly compensation of $50,103 per employee1.

Because the loan received by Hollis Cobb Associates, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hollis Cobb Associates, Inc. in Duluth, GA

Hollis Cobb Associates, Inc.
3175 Satellite Blvd. Bldg. 600, Ste. 400
Duluth, GA 30096

Business Industry

Collection Agencies (NAICS code 561440)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-07

Similar Companies near Duluth

In the Duluth area, 4 businesses in the "Collection Agencies" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 323) and received an average PPP loan of $928,787 (compared to this company's $3.37M).

Industry PPP Comparison Statistics

Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 94% lower than Hollis Cobb Associates, Inc.'s reported 323 employees, and received an average PPP loan of $250,135, 93% lower than this company's loan of $3.37M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hollis-cobb-associates-inc-duluth-ga