PPP Loan Data — K & Q Entertainments LLC, Atlanta, GA
K & Q Entertainments LLC is a limited liability partnership located at 253 Auburn Ave Ne in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,953.00 in July, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
K & Q Entertainments LLC in Atlanta, GA received a Paycheck Protection Loan of $45,953 through Cross River Bank, which was approved in July, 2020.
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, K & Q Entertainments LLC's 2019 payroll expenses are estimated to be at least $220,574.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,508 per employee1
Reported PPP Proceed Usage:
On the PPP application, K & Q Entertainments LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,953
Business Information - K & Q Entertainments LLC in Atlanta, GA
253 Auburn Ave Ne
Atlanta, GA 30303
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 11 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 9) and received an average PPP loan of $119,519 (compared to this company's $45,953).
Similar Nearby Businesses Who Received PPP Funding:
The Scene Cafe LLC
Pals Restaurant & Lounge
Dollar Goods Inc
Paradise Entertainment Group Inc
Mystery ENT Inc
Devon Lee Woodson
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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, 33% higher than K & Q Entertainments LLC's reported 9 employees, and received an average PPP loan of $59,863, 30% higher than this company's loan of $45,953.
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Footnotes & Information
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