PPP Loan Data — Metro Brokers Holding Co., Inc, Atlanta, GA
Metro Brokers Holding Co., Inc
Location: Atlanta, GATweet This • Search All PPP Data
Metro Brokers Holding Co., Inc is a corporation located at 5775-d Glenridge Dr. Ste. 200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,732,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Metro Brokers Holding Co., Inc in Atlanta, GA received a Paycheck Protection Loan of $1.73M through Ameris Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 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, Metro Brokers Holding Co., Inc's 2019 payroll expenses are estimated to be at least $8.32M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $49,506 per employee1
Reported PPP Proceed Usage:
On the PPP application, Metro Brokers Holding Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,386,160
- Utilities: $346,540
Business Information - Metro Brokers Holding Co., Inc in Atlanta, GA
5775-d Glenridge Dr. Ste. 200
Atlanta, GA 30328
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 8 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 168) and received an average PPP loan of $268,867 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
The Corcoran Ota Group, Inc
Akrete Partners Inc
Sandy Springs, GA
Lifebrite Management Inc
Quest Restaurant Group
JT Whyatt Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 3,261 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $411.49M 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 12 employees, 93% lower than Metro Brokers Holding Co., Inc's reported 168 employees, and received an average PPP loan of $126,185, 93% lower than this company's loan of $1.73M.
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Footnotes & Information
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