PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Redshift1 LLC, Atlanta, GA

ALERT: There are 2 PPP loans for a total of $41,665 in our database for businesses with the name "Redshift1 LLC" in Atlanta, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Redshift1 LLC
GA

Redshift1 LLC

Entity: Limited Liability Company (LLC)

Industry: Administrative Management and General Management Consulting Services

Location: Atlanta, GA

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Redshift1 LLC is a limited liability company (LLC) located in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

$ PPP Loan Information
Loan #6275588508

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-03

Loan Status:

Ongoing Loan

Lender:

Hanover Community Bank

Redshift1 LLC in Atlanta, GA received a Paycheck Protection Loan of $20,833 through Hanover Community Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Redshift1 LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,831
  • Utilities: $1

Business Information - Redshift1 LLC in Atlanta, GA

Redshift1 LLC
Atlanta, GA
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fulton County, GA — SBA Office 0405 — Congressional District: GA-05

Similar Companies near Atlanta

In the Atlanta area, 118 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 1) and received an average PPP loan of $81,178 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 95,340 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.53B 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 5 employees, 400% higher than Redshift1 LLC's reported 1 employees, and received an average PPP loan of $57,963, 178% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Redshift1, LLC
GA

Redshift1, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Business Support Services

Location: Atlanta, GA

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Redshift1, LLC is a limited liability company (LLC) located in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in June, 2020.

$ PPP Loan Information
Loan #9583707800

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2020-06-08

Loan Status:

Ongoing Loan

Lender:

WebBank

Redshift1, LLC in Atlanta, GA received a Paycheck Protection Loan of $20,832 through WebBank, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Redshift1, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832

Business Information - Redshift1, LLC in Atlanta, GA

Redshift1, LLC
Atlanta, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Business Support Services
NAICS code 561499

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fulton County, GA — SBA Office 0405 — Congressional District: GA-05

Similar Companies near Atlanta

In the Atlanta area, 35 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $114,728 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 53,435 businesses in the "All Other Business Support Services" industry received a total of $2.64B 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, 500% higher than Redshift1, LLC's reported 1 employees, and received an average PPP loan of $49,314, 137% higher than this company's loan of $20,832.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/redshift1-llc-atlanta-ga