PPP Loan Data — Malawis House, East Point, GA
Malawis House is a self-employed individual located at 1653 E Woodberry Ave in East Point, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,247.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Malawis House in East Point, GA received a Paycheck Protection Loan of $25,247 through Kabbage, Inc., which was approved in June, 2020.
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, Malawis House's 2019 payroll expenses are estimated to be at least $121,186.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,237 per employee1
Reported PPP Proceed Usage:
On the PPP application, Malawis House reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,247
Business Information - Malawis House in East Point, GA
1653 E Woodberry Ave
East Point, GA 30344
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near East Point
In the East Point area, 97 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $16,617 (compared to this company's $25,247).
Similar Nearby Businesses Who Received PPP Funding:
East Point, GA
Minkz By Marij
East Point, GA
Chois Taekwondo LLC
Arthur Bruce Jr
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, 40% lower than Malawis House's reported 5 employees, and received an average PPP loan of $23,334, 8% lower than this company's loan of $25,247.
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Footnotes & Information
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