PPP Loan Data — Morgan & Morgan Atlanta Management, Inc, Atlanta, GA
Morgan & Morgan Atlanta Management, Inc is a subchapter s corporation located at 191 Peachtree Street Ne, Suite 4200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,571,750.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Atlantic Capital Bank, National Association
Morgan & Morgan Atlanta Management, Inc in Atlanta, GA received a Paycheck Protection Loan of $2.57M through Atlantic Capital Bank, National Association, which was approved in April, 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, Morgan & Morgan Atlanta Management, Inc's 2019 payroll expenses are estimated to be at least $12.34M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $60,217 per employee1
Reported PPP Proceed Usage:
On the PPP application, Morgan & Morgan Atlanta Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,571,750
Business Information - Morgan & Morgan Atlanta Management, Inc in Atlanta, GA
191 Peachtree Street Ne, Suite 4200
Atlanta, GA 30303
All Other Personal Services
NAICS code 812990
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, 24 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 205) and received an average PPP loan of $140,343 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Standard Code LLC
Bamboo Services LLC
Rezealience Life And Business Coaching LLC
Big Boi Cutz
Pretty Clean Cleaning LLC
24/7 One Call Of Metro Atlanta, LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Morgan & Morgan Atlanta Management, Inc's reported 205 employees, and received an average PPP loan of $23,676, 99% lower than this company's loan of $2.57M.
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Footnotes & Information
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