PPP Loan Data — LBA Holdings LLC, Atlanta, GA
LBA Holdings LLC is a limited liability company (LLC) located at 1119 Logan Circle Nw in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,525,500.00 in April, 2020.
$ PPP Loan Information
LBA Holdings LLC received a Paycheck Protection Loan of $2.53M through AMERIS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LBA Holdings LLC's total 2019 payroll expenses were approximately $12.12M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $26,939 per employee1.
Business Information - LBA Holdings LLC in Atlanta, GA
1119 Logan Circle Nw
Atlanta, GA 30318
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 7 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 450) and received an average PPP loan of $378,534 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
Ouellette Holdings LLC
Hugo Holdings, LLC
MCO Holdings LLC
Happy Place Holdings LLC
SPH Holdings LLC
Real Tall Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 97% lower than LBA Holdings LLC's reported 450 employees, and received an average PPP loan of $160,790, 94% lower than this company's loan of $2.53M.
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.
Footnotes & Information
1. 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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