PPP Loan Data — Ibis Investments Inc, Douglasville, GA
Ibis Investments Inc
Location: Douglasville, GATweet This • Search All PPP Data
Ibis Investments Inc is a corporation located at 5969 Stewart Pkwy in Douglasville, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,499,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Ibis Investments Inc in Douglasville, GA received a Paycheck Protection Loan of $3.5M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ibis Investments Inc's total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.
Based on their reported 481 jobs retained, this equals an estimated average yearly compensation of $34,923 per employee1.
Business Information - Ibis Investments Inc in Douglasville, GA
5969 Stewart Pkwy
Douglasville, GA 30135
Lessors of Nonresidential Buildings (except Miniwarehouses) (NAICS code 531120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-13
Similar Companies near Douglasville
In the Douglasville area, 9 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 481) and received an average PPP loan of $401,185 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Trippeter Property Services LLC
Statio Lofts LLC
SAI Dutt Lodging Inc.
Solid Equities Inc
Kinetic Properties, LLC
Villa Rica, GA
CJ Property Solutions LLC
Kids World Of Arbor Place
Blackrock Property Services, Inc
Industry PPP Comparison Statistics
Nationwide, 14,874 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1,433,708,089.00 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 9 employees, 98% lower than Ibis Investments Inc's reported 481 employees, and received an average PPP loan of $96,390, 97% lower than this company's loan of $3.5M.
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, 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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