PPP Loan Data — Robert Butler, Athens, GA
Robert Butler is a sole proprietorship located at 2500 Lexington Road in Athens, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,825.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Robert Butler in Athens, GA received a Paycheck Protection Loan of $24,825 through Synovus Bank, 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 May, 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, Robert Butler's 2019 payroll expenses are estimated to be at least $119,160.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,790 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert Butler reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,825
Business Information - Robert Butler in Athens, GA
2500 Lexington Road
Athens, GA 30605
Data Processing, Hosting, and Related Services
NAICS code 518210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Athens
In the Athens area, 3 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 4) and received an average PPP loan of $136,908 (compared to this company's $24,825).
Similar Nearby Businesses Who Received PPP Funding:
Telecom Innovations, LLC
Rachel Allen Media Services LLC
Industry PPP Comparison Statistics
Nationwide, 10,209 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.51B 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 11 employees, 175% higher than Robert Butler's reported 4 employees, and received an average PPP loan of $147,893, 496% higher than this company's loan of $24,825.
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Footnotes & Information
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