PPP Loan Data — Quick Trip Mart LLC, Acworth, GA
Quick Trip Mart LLC is a limited liability company (LLC) located at 5160 Cowan Rd in Acworth, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,997.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Quick Trip Mart LLC in Acworth, GA received a Paycheck Protection Loan of $24,997 through Bank of America, 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, Quick Trip Mart LLC's 2019 payroll expenses are estimated to be at least $119,986.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $9,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quick Trip Mart LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
Business Information - Quick Trip Mart LLC in Acworth, GA
5160 Cowan Rd
Acworth, GA 30101
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Acworth
In the Acworth area, 10 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $18,135 (compared to this company's $24,997).
Similar Nearby Businesses Who Received PPP Funding:
Acworth Express LLC
Reliance Group Inc
Acworth Downtown Quick Stop LLC
Acworth Food Mart LLC
II Ayushi LLC
FNM 1 LLC
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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 6 employees, 50% lower than Quick Trip Mart LLC's reported 12 employees, and received an average PPP loan of $28,488, 14% higher than this company's loan of $24,997.
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Footnotes & Information
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