PPP Loan Data — Moss Farms Diving, Inc, Moultrie, GA
Moss Farms Diving, Inc is a corporation located at 1020 4th St Sw in Moultrie, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,045.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First, A National Banking Association
Moss Farms Diving, Inc in Moultrie, GA received a Paycheck Protection Loan of $25,045 through The First, A National Banking Association, which was approved in May, 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, Moss Farms Diving, Inc's 2019 payroll expenses are estimated to be at least $120,216.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moss Farms Diving, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,036
- Utilities: $2,509
- Rent: $2,500
Business Information - Moss Farms Diving, Inc in Moultrie, GA
1020 4th St Sw
Moultrie, GA 31776
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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, 300% higher than Moss Farms Diving, Inc's reported 3 employees, and received an average PPP loan of $47,823, 91% higher than this company's loan of $25,045.
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Footnotes & Information
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