PPP Loan Data — Pivotal Bridge, LLC, Atlanta, GA
Pivotal Bridge, LLC is a subchapter s corporation located at 554 Winton Terrace Ne in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Pivotal Bridge, LLC in Atlanta, GA received a Paycheck Protection Loan of $25,000 through Primis Bank, which was approved in April, 2020.
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, Pivotal Bridge, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pivotal Bridge, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pivotal Bridge, LLC in Atlanta, GA
554 Winton Terrace Ne
Atlanta, GA 30308
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 21 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $93,496 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Smart Gladiator LLC
Thrust Interactive, Inc
MSX Group LLC
Industry PPP Comparison Statistics
Nationwide, 25,371 businesses in the "Other Computer Related Services" industry received a total of $3.1B 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 8 employees, 300% higher than Pivotal Bridge, LLC's reported 2 employees, and received an average PPP loan of $122,066, 388% higher than this company's loan of $25,000.
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Footnotes & Information
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