PPP Loan Data — K.atkinson Consulting, LLC, Waleska, GA
K.atkinson Consulting, LLC is a subchapter s corporation located at 1884 Lake Arrowhead Dr in Waleska, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,040.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
K.atkinson Consulting, LLC in Waleska, GA received a Paycheck Protection Loan of $25,040 through Cross River Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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.atkinson Consulting, LLC's 2019 payroll expenses are estimated to be at least $120,192.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, K.atkinson Consulting, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,040
Business Information - K.atkinson Consulting, LLC in Waleska, GA
1884 Lake Arrowhead Dr
Waleska, GA 30183
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 33% higher than K.atkinson Consulting, LLC's reported 3 employees, and received an average PPP loan of $44,524, 78% higher than this company's loan of $25,040.
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Footnotes & Information
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