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PPP Loan Data — Premier Kings Of Georgia Inc, Norcross, GA

SBA PPP loan data, payroll data, and salaries for Premier Kings Of Georgia Inc

Premier Kings Of Georgia Inc

Entity: Subchapter S Corporation

Industry: Limited-Service Restaurants

Location: Norcross, GA

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Premier Kings Of Georgia Inc is a subchapter s corporation located at 7078 Peachtree Ind Blvd in Norcross, Georgia that received a Coronavirus-related PPP loan from the SBA of $7,041,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Premier Kings Of Georgia Inc in Norcross, GA received a Paycheck Protection Loan of $7.04M through RENASANT BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Premier Kings Of Georgia Inc's total 2019 payroll expenses were approximately $33.8M 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 $67,602 per employee1.

Because the loan received by Premier Kings Of Georgia Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Premier Kings Of Georgia Inc in Norcross, GA

Premier Kings Of Georgia Inc
7078 Peachtree Ind Blvd
Norcross, GA 30071

Business Industry

Limited-Service Restaurants (NAICS code 722513)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-07

Similar Companies near Norcross

In the Norcross area, 15 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 500) and received an average PPP loan of $775,107 (compared to this company's $7.04M).

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 Premier Kings Of Georgia Inc's reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $7.04M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **