PPP Loan Data — Statesboro Paint & Supply, LLC, Statesboro, GA
Statesboro Paint & Supply, LLC is a limited liability company (LLC) located at 871 Northside Dr East in Statesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Statesboro Paint & Supply, LLC in Statesboro, GA received a Paycheck Protection Loan of $25,400 through Renasant Bank, which was approved in May, 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, Statesboro Paint & Supply, LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Statesboro Paint & Supply, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Statesboro Paint & Supply, LLC in Statesboro, GA
871 Northside Dr East
Statesboro, GA 30458
Paint and Wallpaper Stores
NAICS code 444120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,880 businesses in the "Paint and Wallpaper Stores" industry received a total of $113.37M 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 7 employees, 250% higher than Statesboro Paint & Supply, LLC's reported 2 employees, and received an average PPP loan of $60,301, 137% higher than this company's loan of $25,400.
FederalPay's PPP Information Policy
Footnotes & Information
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