PPP Loan Data — POS 1, Hapeville, GA
POS 1 is a corporation located at 1003 Virginia Ave Ste 106 in Hapeville, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,859.00 in May, 2020.
The company has reported itself as a Black or african american male veteran owned business, and employed at least 40 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
POS 1 in Hapeville, GA received a Paycheck Protection Loan of $46,859 through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, POS 1's 2019 payroll expenses are estimated to be at least $224,923.
Based on their reported 40 jobs retained, this equals an estimated average yearly compensation of $5,623 per employee1
Reported PPP Proceed Usage:
On the PPP application, POS 1 reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,859
Business Information - POS 1 in Hapeville, GA
1003 Virginia Ave Ste 106
Hapeville, GA 30354
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hapeville
In the Hapeville area, 8 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 40) and received an average PPP loan of $26,578 (compared to this company's $46,859).
Similar Nearby Businesses Who Received PPP Funding:
POS 1 Inc
Industry PPP Comparison Statistics
Nationwide, 14,660 businesses in the "Security Guards and Patrol Services" industry received a total of $1.46B 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 18 employees, 55% lower than POS 1's reported 40 employees, and received an average PPP loan of $99,483, 112% higher than this company's loan of $46,859.
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Footnotes & Information
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