PPP Loan Data — Sunrise Moving & Storage Company, Tucker, GA
Sunrise Moving & Storage Company is a corporation located at 2501 Royal Pl Ste A in Tucker, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,820.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Sunrise Moving & Storage Company in Tucker, GA received a Paycheck Protection Loan of $45,820 through Bank of America, National Association, 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, Sunrise Moving & Storage Company's 2019 payroll expenses are estimated to be at least $219,936.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,437 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunrise Moving & Storage Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,820
Business Information - Sunrise Moving & Storage Company in Tucker, GA
2501 Royal Pl Ste A
Tucker, GA 30084
Support Activities for Rail Transportation
NAICS code 488210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tucker
In the Tucker area, 2 businesses in the "Support Activities for Rail Transportation" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 9) and received an average PPP loan of $26,946 (compared to this company's $45,820).
Similar Nearby Businesses Who Received PPP Funding:
Blake Thomas Wilson Transportation LLC
Stone Mountain, GA
Industry PPP Comparison Statistics
Nationwide, 1,808 businesses in the "Support Activities for Rail Transportation" industry received a total of $209.84M 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 14 employees, 56% higher than Sunrise Moving & Storage Company's reported 9 employees, and received an average PPP loan of $116,064, 153% higher than this company's loan of $45,820.
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Footnotes & Information
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