PPP Loan Data — Prestige Academy Preschool LLC, Statham, GA
Prestige Academy Preschool LLC is a limited liability company (LLC) located at 2077 Atlanta Highway Se in Statham, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Prestige Academy Preschool LLC in Statham, GA received a Paycheck Protection Loan of $25,000 through Bank OZK, which was approved in May, 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, Prestige Academy Preschool 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, Prestige Academy Preschool LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Prestige Academy Preschool LLC in Statham, GA
2077 Atlanta Highway Se
Statham, GA 30666
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Statham
In the Statham area, 2 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 9) and received an average PPP loan of $14,271 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 11% lower than Prestige Academy Preschool LLC's reported 9 employees, and received an average PPP loan of $41,676, 67% higher than this company's loan of $25,000.
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Footnotes & Information
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