PPP Loan Data — Northeast Georgia Inc, Gainesville, GA
Northeast Georgia Inc is a subchapter s corporation located at 209 Boulevard in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,076,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Northeast Georgia Inc in Gainesville, GA received a Paycheck Protection Loan of $3.08M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northeast Georgia Inc's total 2019 payroll expenses were approximately $14.77M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $29,531 per employee1.
Business Information - Northeast Georgia Inc in Gainesville, GA
Gainesville, GA 30501
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: GA-09
Similar Companies near Gainesville
In the Gainesville area, 30 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 500) and received an average PPP loan of $207,714 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
RLW Management Corporation
MSE Hospitality - Dawsonville, Inc.
Jack Kuo LLC
MSE Branded Foods Of Arizona LLC
Harvest Moon Tacos LLC
MSE Branded Foods Of South Carolina LLC
Inman Perk Coffee, LLC
MSE Branded Foods Of Michigan LLC
Stevi B's Gainesville, LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Northeast Georgia Inc's reported 500 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.08M.
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