PPP Loan Data — Sunbelt Marketing Investment Corp, Austell, GA
Sunbelt Marketing Investment Corp
Location: Austell, GATweet This • Search All PPP Data
Sunbelt Marketing Investment Corp is a corporation located at 7400 Sunbelt Dr in Austell, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,360,186.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Atlantic Capital Bank, National Association
Sunbelt Marketing Investment Corp in Austell, GA received a Paycheck Protection Loan of $2.36M through Atlantic Capital Bank, National Association, 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, Sunbelt Marketing Investment Corp's 2019 payroll expenses are estimated to be at least $11.33M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $71,251 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunbelt Marketing Investment Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,360,186
Business Information - Sunbelt Marketing Investment Corp in Austell, GA
7400 Sunbelt Dr
Austell, GA 30168
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
NAICS code 423720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Austell
In the Austell area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 159) and received an average PPP loan of $1,189,604 (compared to this company's $2.36M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 4,248 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $720.86M 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 13 employees, 92% lower than Sunbelt Marketing Investment Corp's reported 159 employees, and received an average PPP loan of $169,693, 93% lower than this company's loan of $2.36M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!