PPP Loan Data — Middle Georgia Center For Academic Excellence, Macon, GA
Middle Georgia Center For Academic Excellence is a non-profit organization located at 623 Arlington Pl in Macon, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Middle Georgia Center For Academic Excellence in Macon, GA received a Paycheck Protection Loan of $25,400 through Truist Bank d/b/a Branch Banking & Trust Co, 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 June, 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, Middle Georgia Center For Academic Excellence's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $11,084 per employee1
Reported PPP Proceed Usage:
On the PPP application, Middle Georgia Center For Academic Excellence reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Middle Georgia Center For Academic Excellence in Macon, GA
623 Arlington Pl
Macon, GA 31201
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Macon
In the Macon area, 3 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 11) and received an average PPP loan of $27,058 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
National Criminal Defense College Inc
Otis Redding Foundation Inc
Industry PPP Comparison Statistics
Nationwide, 28,242 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.52B 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 9 employees, 18% lower than Middle Georgia Center For Academic Excellence's reported 11 employees, and received an average PPP loan of $53,678, 111% higher than this company's loan of $25,400.
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Footnotes & Information
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