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PPP Loan Data — Kizzyville Inc,
Atlanta, GA
Kizzyville Inc
Entity: Corporation
Industry: Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
Location: Atlanta, GA
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Kizzyville Inc is a corporation located at 5526 Parkerton Ln in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $122,808.00 in March, 2021.
$
PPP Loan Information
Loan #6076158505
Loan Size:
Jobs Retained:
9Loan Approved:
2021-03-02Loan Status:
Ongoing LoanLender:
Customers BankKizzyville Inc in Atlanta, GA received a Paycheck Protection Loan of $122,808 through Customers Bank, which was approved in March, 2021.
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. The loan's status was last updated by the SBA in November, -0001.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Kizzyville Inc's 2019 payroll expenses are estimated to be at least $589,478.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $65,498 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kizzyville Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $122,806
- Utilities: $1
Business Information - Kizzyville Inc in Atlanta, GA
5526 Parkerton Ln
Atlanta, GA 30342
Business Industry:
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
NAICS code 423940
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 13 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 9) and received an average PPP loan of $33,554 (compared to this company's $122,808).
Similar Nearby Businesses Who Received PPP Funding:
Dazzle Imports, Inc
Atlanta, GA
Larry Jackson Numismatics Inc
Atlanta, GA
Charles Whitfield
Atlanta, GA
Harjyot Singh
Atlanta, GA
Morningside Coins LLC
Atlanta, GA
Aaron Henley
Atlanta, GA
MTJ World LLC
Atlanta, GA
WTR Memory Beads LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 10,373 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a total of $511.39M 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, 44% lower than Kizzyville Inc's reported 9 employees, and received an average PPP loan of $49,300, 60% lower than this company's loan of $122,808.
Kizzyville Inc
Entity: Corporation
Industry: Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
Location: Atlanta, GA
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•
Search All PPP Data
Kizzyville Inc is a corporation located at 5526 Parkerton Ln in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $173,568.00 in June, 2020.
$
PPP Loan Information
Loan #7189547803
Loan Size:
Jobs Retained:
9Loan Approved:
2020-06-03Loan Status:
Ongoing LoanLender:
Cross River BankKizzyville Inc in Atlanta, GA received a Paycheck Protection Loan of $173,568 through Cross River Bank, which was approved in June, 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. The loan's status was last updated by the SBA in November, -0001.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Kizzyville Inc's 2019 payroll expenses are estimated to be at least $833,126.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $92,570 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kizzyville Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $173,568
Business Information - Kizzyville Inc in Atlanta, GA
5526 Parkerton Ln
Atlanta, GA 30342
Business Industry:
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
NAICS code 423940
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 13 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 9) and received an average PPP loan of $33,554 (compared to this company's $173,568).
Similar Nearby Businesses Who Received PPP Funding:
Dazzle Imports, Inc
Atlanta, GA
Larry Jackson Numismatics Inc
Atlanta, GA
Charles Whitfield
Atlanta, GA
Harjyot Singh
Atlanta, GA
Morningside Coins LLC
Atlanta, GA
Aaron Henley
Atlanta, GA
MTJ World LLC
Atlanta, GA
WTR Memory Beads LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 10,373 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a total of $511.39M 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, 44% lower than Kizzyville Inc's reported 9 employees, and received an average PPP loan of $49,300, 72% lower than this company's loan of $173,568.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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