PPP Loan Data — Roane Achievement Enterprises LLC, Alpharetta, GA
Roane Achievement Enterprises LLC is a limited liability company (LLC) located at 485 Saint Regis Dr in Alpharetta, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,980.00 in May, 2020.
The company has reported itself as a Black or african american female owned business, and employed at least 25 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Roane Achievement Enterprises LLC in Alpharetta, GA received a Paycheck Protection Loan of $45,980 through Bank of America, National Association, 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 April, 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, Roane Achievement Enterprises LLC's 2019 payroll expenses are estimated to be at least $220,704.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $8,828 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roane Achievement Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,980
Business Information - Roane Achievement Enterprises LLC in Alpharetta, GA
485 Saint Regis Dr
Alpharetta, GA 30022
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Alpharetta
In the Alpharetta area, 35 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 25) and received an average PPP loan of $42,649 (compared to this company's $45,980).
Similar Nearby Businesses Who Received PPP Funding:
Kiko Financial Services LLC
Oria Global Inc
Hyun J Shin
Ettech Services Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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, 76% lower than Roane Achievement Enterprises LLC's reported 25 employees, and received an average PPP loan of $49,465, 8% higher than this company's loan of $45,980.
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Footnotes & Information
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