PPP Loan Data — SP Delivery Services LLC, Lilburn, GA
SP Delivery Services LLC is a limited liability company (LLC) located at 651 Harbins Road Northwest in Lilburn, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
SP Delivery Services LLC in Lilburn, GA received a Paycheck Protection Loan of $25,000 through Celtic Bank Corporation, 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 June, 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, SP Delivery Services LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, SP Delivery Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $6,250
Business Information - SP Delivery Services LLC in Lilburn, GA
651 Harbins Road Northwest
Lilburn, GA 30047
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lilburn
In the Lilburn area, 111 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $22,216 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Orestes Rodriguez Delgado
Kevin A Zacarias
Sawa Transportation Inc
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, the same amount reported by SP Delivery Services LLC and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
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Footnotes & Information
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