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PPP Loan Data — Newcomb & Boyd, LLP,
Atlanta, GA
Newcomb & Boyd, LLP
Entity: Partnership
Industry: Engineering Services
Location: Atlanta, GA
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Newcomb & Boyd, LLP is a partnership located at 303 Peachtree Center Avenue Northeast in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,548,773.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
190Loan Approved:
2020-05-01Lender:
CELTIC BANK CORPORATIONNewcomb & Boyd, LLP received a Paycheck Protection Loan of $3.55M through CELTIC BANK CORPORATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Newcomb & Boyd, LLP's total 2019 payroll expenses were approximately $17.03M in order to qualify for the PPP loan amount received.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $89,653 per employee1.
Business Information - Newcomb & Boyd, LLP in Atlanta, GA
303 Peachtree Center Avenue Northeast
Atlanta, GA 30303
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Similar Companies near Atlanta
In the Atlanta area, 11 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 190) and received an average PPP loan of $581,003 (compared to this company's $3.55M).
Similar Nearby Businesses Who Received PPP Funding:
S.L. King & Associates Inc
Atlanta, GA
Ardmore Consulting Group Inc
Atlanta, GA
Khafra Engineering Consultants Inc
Atlanta, GA
Khafra Operations Services
Atlanta, GA
Robert B Jackson IV LLC
Atlanta, GA
POO Inc
Atlanta, GA
Williams-Russell And Johnson, Inc.
Atlanta, GA
Benchmark Management, LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 93% lower than Newcomb & Boyd, LLP's reported 190 employees, and received an average PPP loan of $249,856, 93% lower than this company's loan of $3.55M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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