PPP Loan Data — Itential, LLC, Atlanta, GA
Itential, LLC is a limited liability company (LLC) located at 1350 Spring St Nw #200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,283,162.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pacific Western Bank
Itential, LLC in Atlanta, GA received a Paycheck Protection Loan of $2.28M through Pacific Western Bank, which was approved in April, 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, Itential, LLC's 2019 payroll expenses are estimated to be at least $10.96M.
Based on their reported 369 jobs retained, this equals an estimated average yearly compensation of $29,700 per employee1
Reported PPP Proceed Usage:
On the PPP application, Itential, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,283,162
Business Information - Itential, LLC in Atlanta, GA
1350 Spring St Nw #200
Atlanta, GA 30309
All Other Information Services
NAICS code 519190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 7 businesses in the "All Other Information Services" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 369) and received an average PPP loan of $422,381 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
First Performance Corporation
Medicast Media Inc
Industry PPP Comparison Statistics
Nationwide, 9,477 businesses in the "All Other Information Services" industry received a total of $663.71M 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 5 employees, 99% lower than Itential, LLC's reported 369 employees, and received an average PPP loan of $70,034, 97% lower than this company's loan of $2.28M.
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Footnotes & Information
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