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PPP Loan Data — Latasha Ross, Edison, GA

ALERT: There are 2 PPP loans for a total of $49,603 in our database for businesses with the name "Latasha Ross" in Edison, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Latasha Ross
GA

Latasha Ross

Entity: Sole Proprietorship

Industry: Mobile Food Services

Location: Edison, GA

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Latasha Ross is a sole proprietorship located in Edison, Georgia that received a Coronavirus-related PPP loan from the SBA of $29,036.00 in May, 2021.

$ PPP Loan Information
Loan #6945269001

Loan Size:

$29,036

Jobs Retained:

1

Loan Approved:

2021-05-23

Loan Status:

Ongoing Loan

Lender:

Prestamos CDFI, LLC
Likely Employment Reduction3

Latasha Ross in Edison, GA received a Paycheck Protection Loan of $29,036 through Prestamos CDFI, LLC, which was approved in May, 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 size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Latasha Ross reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $29,031
  • Utilities: $1

Business Information - Latasha Ross in Edison, GA

Latasha Ross
Edison, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Mobile Food Services
NAICS code 722330

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: Rural

Calhoun County, GA — SBA Office 0405 — Congressional District: GA-02

Similar Companies near Edison

In the Edison area, 3 businesses in the "Mobile Food Services" 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 $20,409 (compared to this company's $29,036).

Industry PPP Comparison Statistics

Nationwide, 36,993 businesses in the "Mobile Food Services" industry received a total of $742M 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 2 employees, 100% higher than Latasha Ross' reported 1 employees, and received an average PPP loan of $20,058, 31% lower than this company's loan of $29,036.

SBA PPP loan data, payroll data, and salaries for Latasha Ross
GA

Latasha Ross

Entity: Sole Proprietorship

Industry: All Other Personal Services

Location: Edison, GA

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Latasha Ross is a sole proprietorship located in Edison, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,567.00 in August, 2020.

$ PPP Loan Information
Loan #5363648203

Loan Size:

$20,567

Jobs Retained:

1

Loan Approved:

2020-08-07

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Latasha Ross in Edison, GA received a Paycheck Protection Loan of $20,567 through Cross River Bank, which was approved in August, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Latasha Ross reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,567

Business Information - Latasha Ross in Edison, GA

Latasha Ross
Edison, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Personal Services
NAICS code 812990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Calhoun County, GA — SBA Office 0405 — Congressional District: GA-02

Similar Companies near Edison

In the Edison area, 6 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 1) and received an average PPP loan of $400,704 (compared to this company's $20,567).

Industry PPP Comparison Statistics

Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 200% higher than Latasha Ross' reported 1 employees, and received an average PPP loan of $23,676, 15% higher than this company's loan of $20,567.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/latasha-ross-edison-ga