PPP Loan Data — Major Tae Kwon Doinc, Lilburn, GA
Major Tae Kwon Doinc is a corporation located at 4068 Five Forks Trickum Rd Sw in Lilburn, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,095.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Major Tae Kwon Doinc in Lilburn, GA received a Paycheck Protection Loan of $25,095 through PromiseOne Bank, which was approved in January, 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, Major Tae Kwon Doinc's 2019 payroll expenses are estimated to be at least $120,456.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Major Tae Kwon Doinc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,093
- Utilities: $1
Business Information - Major Tae Kwon Doinc in Lilburn, GA
4068 Five Forks Trickum Rd Sw
Lilburn, GA 30047
Sports and Recreation Instruction
NAICS code 611620
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lilburn
In the Lilburn area, 15 businesses in the "Sports and Recreation Instruction" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 9) and received an average PPP loan of $24,742 (compared to this company's $25,095).
Similar Nearby Businesses Who Received PPP Funding:
Charles Minter Karate Inc
KAI Akubo Smith
Black Belt World Durham, Inc
Major Tae Kwon DO, Inc
Industry PPP Comparison Statistics
Nationwide, 26,103 businesses in the "Sports and Recreation Instruction" industry received a total of $882.67M 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 8 employees, 11% lower than Major Tae Kwon Doinc's reported 9 employees, and received an average PPP loan of $33,815, 35% higher than this company's loan of $25,095.
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Footnotes & Information
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