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PPP Loan Data — Sterling Seacrest Partners, Inc., Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Sterling Seacrest Partners, Inc.
GA

Sterling Seacrest Partners, Inc.

Entity: Corporation

Industry: All Other Insurance Related Activities

Location: Atlanta, GA

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Sterling Seacrest Partners, Inc. is a corporation located at 2500 Cumberland Pkwy in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,131,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.13M

Jobs Retained:

192

Loan Approved:

2020-04-06

Lender:

FIRST CHATHAM BANK

Sterling Seacrest Partners, Inc. received a Paycheck Protection Loan of $3.13M through FIRST CHATHAM BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sterling Seacrest Partners, Inc.'s total 2019 payroll expenses were approximately $15.03M in order to qualify for the PPP loan amount received.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $78,295 per employee1.

Because the loan received by Sterling Seacrest Partners, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sterling Seacrest Partners, Inc. in Atlanta, GA

Sterling Seacrest Partners, Inc.
2500 Cumberland Pkwy
Atlanta, GA 30339

Business Industry

All Other Insurance Related Activities (NAICS code 524298)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-11

Similar Companies near Atlanta

In the Atlanta area, 6 businesses in the "All Other Insurance Related Activities" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 192) and received an average PPP loan of $611,233 (compared to this company's $3.13M).

Industry PPP Comparison Statistics

Nationwide, 5,456 businesses in the "All Other Insurance Related Activities" industry received a total of $365,950,045.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 97% lower than Sterling Seacrest Partners, Inc.'s reported 192 employees, and received an average PPP loan of $67,073, 98% lower than this company's loan of $3.13M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sterling-seacrest-partners-inc-atlanta-ga