PPP Loan Data — Steven Beatty, Duluth, GA
Steven Beatty is a sole proprietorship located at 2886 Darlington Pointe in Duluth, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Steven Beatty in Duluth, GA received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in January, 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, Steven Beatty's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Steven Beatty reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Steven Beatty in Duluth, GA
2886 Darlington Pointe
Duluth, GA 30097
Nonresidential Property Managers
NAICS code 531312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Duluth
In the Duluth area, 9 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $29,650 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
NDI Development, LLC
Hilo Enterprises LLC
Collier House LLC
Johns Creek, GA
Merchants Property Group, Inc
Steven Lee Beatty, LLC
Industry PPP Comparison Statistics
Nationwide, 11,970 businesses in the "Nonresidential Property Managers" industry received a total of $1.22B 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 9 employees, 200% higher than Steven Beatty's reported 3 employees, and received an average PPP loan of $101,557, 306% higher than this company's loan of $25,000.
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Footnotes & Information
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