PPP Loan Data — Influential Faces, Snellville, GA
Entity: Sole Proprietorship
Location: Snellville, GATweet This • Search All PPP Data
Influential Faces is a sole proprietorship located in Snellville, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,938.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Influential Faces in Snellville, GA received a Paycheck Protection Loan of $24,938 through Fundbox, Inc., which was approved in June, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Influential Faces reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,938
Business Information - Influential Faces in Snellville, GA
* Full address is redacted to protect the privacy of individuals.
Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures
NAICS code 711410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Snellville
In the Snellville area, 46 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,809 (compared to this company's $24,938).
Similar Nearby Businesses Who Received PPP Funding:
Forbes Music Agency LLC
TL Designs LLC
Blackout Management LLC
Youngest Doin It Entertainment LLC
Industry PPP Comparison Statistics
Nationwide, 18,430 businesses in the "Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures" industry received a total of $593.92M 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 3 employees, 200% higher than Influential Faces' reported 1 employees, and received an average PPP loan of $32,226, 29% higher than this company's loan of $24,938.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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