Recleim, LLC in Atlanta, GA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Recleim, LLC, Atlanta, GA

Recleim, LLC

Entity: Limited Liability Company (LLC)

Industry: Materials Recovery Facilities

Location: Atlanta, GA

Recleim, LLC is a limited liability company (LLC) located at 34 Old Ivy Rd., Suite 200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,798,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

200

Loan Approved:

2020-04-08

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Recleim, LLC in Atlanta, GA received a Paycheck Protection Loan of $2.8M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Recleim, LLC's total 2019 payroll expenses were approximately $13.43M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $67,164 per employee¹.

Because the loan received by Recleim, LLC 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 - Recleim, LLC in Atlanta, GA

Recleim, LLC
34 Old Ivy Rd., Suite 200
Atlanta, GA 30342

Business Industry

Materials Recovery Facilities (NAICS code 562920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Industry PPP Comparison Statistics

Nationwide, 1,122 businesses in the "Materials Recovery Facilities" industry received a total of $194,321,564.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 15 employees, 93% lower than Recleim, LLC's reported 200 employees, and received an average PPP loan of $173,192, 94% lower than this company's loan of $2.8M.

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.

Search FederalPay's Full PPP Loan Database

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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