PPP Loan Data — Powerhouse Project LLC, Atlanta, GA
Powerhouse Project LLC is a limited liability company (LLC) located at 1900 The Exchange Se 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
Lender:PNC Bank, National Association
Powerhouse Project LLC in Atlanta, GA received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, 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, Powerhouse Project LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Powerhouse Project LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Powerhouse Project LLC in Atlanta, GA
1900 The Exchange Se
Atlanta, GA 30339
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 64 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 9) and received an average PPP loan of $65,965 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
ANF Group Inc
Nurture Point LLC
Barks Group Inc, The
Mamo Group Inc
VCP Hammond, LLC
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 10 employees, 11% higher than Powerhouse Project LLC's reported 9 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $25,000.
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Footnotes & Information
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