FederalPay.org
PPP Loan Data — Northeast Georgia Inc,
Gainesville, GA
Northeast Georgia Inc
Entity: Subchapter S Corporation
Industry: Limited-Service Restaurants
Location: Gainesville, GA
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST CONortheast 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
209 Boulevard
Gainesville, GA 30501
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: GA-09Similar 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
Gainesville, GA
MSE Hospitality - Dawsonville, Inc.
Gainesville, GA
Jack Kuo LLC
Gainesville, GA
MSE Branded Foods Of Arizona LLC
Gainesville, GA
Harvest Moon Tacos LLC
Gainesville, GA
MSE Branded Foods Of South Carolina LLC
Gainesville, GA
Inman Perk Coffee, LLC
Gainesville, GA
MSE Branded Foods Of Michigan LLC
Gainesville, GA
Stevi B's Gainesville, LLC
Gainesville, GA
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.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!