PPP Loan Data — Riverside Cemetery, Macon, GA
Riverside Cemetery is a non-profit organization located at 1301 Riverside Drive in Macon, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Riverside Cemetery in Macon, GA received a Paycheck Protection Loan of $46,200 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Riverside Cemetery's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riverside Cemetery reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $46,200
Business Information - Riverside Cemetery in Macon, GA
1301 Riverside Drive
Macon, GA 31201
Cemeteries and Crematories
NAICS code 812220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,538 businesses in the "Cemeteries and Crematories" industry received a total of $107.63M 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 9 employees, 125% higher than Riverside Cemetery's reported 4 employees, and received an average PPP loan of $69,978, 51% higher than this company's loan of $46,200.
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Footnotes & Information
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