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PPP Loan Data — Onecoast LLC,
Atlanta, GA
Onecoast LLC
Entity: Limited Liability Company (LLC)
Industry: Miscellaneous Financial Investment Activities
Location: Atlanta, GA
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Onecoast LLC is a limited liability company (LLC) located at 40 John Portman Blvd in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,961,955.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
255Loan Approved:
2020-04-14Lender:
SILICON VALLEY BANKOnecoast LLC in Atlanta, GA received a Paycheck Protection Loan of $3.96M through SILICON VALLEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Onecoast LLC's total 2019 payroll expenses were approximately $19.02M in order to qualify for the PPP loan amount received.
Based on their reported 255 jobs retained, this equals an estimated average yearly compensation of $74,578 per employee1.
Business Information - Onecoast LLC in Atlanta, GA
40 John Portman Blvd
Atlanta, GA 30303
Business Industry
Miscellaneous Financial Investment Activities (NAICS code 523999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Industry PPP Comparison Statistics
Nationwide, 6,430 businesses in the "Miscellaneous Financial Investment Activities" industry received a total of $418,863,551.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Onecoast LLC's reported 255 employees, and received an average PPP loan of $65,142, 98% lower than this company's loan of $3.96M.
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.
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