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PPP Loan Data — Lendingpoint LLC, Kennesaw, GA

SBA PPP loan data, payroll data, and salaries for Lendingpoint LLC
GA

Lendingpoint LLC

Entity: Limited Liability Company (LLC)

Industry: Consumer Lending

Location: Kennesaw, GA

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Lendingpoint LLC is a limited liability company (LLC) located at 1201 Roberts Blvd in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,375,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.38M

Jobs Retained:

190

Loan Approved:

2020-04-28

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Lendingpoint LLC in Kennesaw, GA received a Paycheck Protection Loan of $3.38M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lendingpoint LLC's total 2019 payroll expenses were approximately $16.2M in order to qualify for the PPP loan amount received.

Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $85,263 per employee1.

Because the loan received by Lendingpoint LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Lendingpoint LLC in Kennesaw, GA

Lendingpoint LLC
1201 Roberts Blvd
Kennesaw, GA 30144

Business Industry

Consumer Lending (NAICS code 522291)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Similar Companies near Kennesaw

In the Kennesaw area, 2 businesses in the "Consumer Lending" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 190) and received an average PPP loan of $1,693,750 (compared to this company's $3.38M).

Similar Nearby Businesses Who Received PPP Funding:

Alternative Financing Systems, Inc.
Kennesaw, GA

$12,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,653 businesses in the "Consumer Lending" industry received a total of $270,440,458.00 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 13 employees, 93% lower than Lendingpoint LLC's reported 190 employees, and received an average PPP loan of $163,606, 95% lower than this company's loan of $3.38M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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