PPP Loan Data — Smyrna Custom Glass & Mirror Inc, Smyrna, GA
Smyrna Custom Glass & Mirror Inc is a corporation located at 2876 Woodruff Drive Se in Smyrna, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Smyrna Custom Glass & Mirror Inc in Smyrna, GA received a Paycheck Protection Loan of $46,500 through First-Citizens Bank & Trust Company, which was approved in April, 2020.
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, Smyrna Custom Glass & Mirror Inc's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Smyrna Custom Glass & Mirror Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Smyrna Custom Glass & Mirror Inc in Smyrna, GA
2876 Woodruff Drive Se
Smyrna, GA 30080
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,547 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 100% higher than Smyrna Custom Glass & Mirror Inc's reported 6 employees, and received an average PPP loan of $142,027, 205% higher than this company's loan of $46,500.
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Footnotes & Information
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