PPP Loan Data — Team Traber, LLC, Mcdonough, GA
Team Traber, LLC is a limited liability company (LLC) located at 453 S Mount Carmel Rd in Mcdonough, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Heritage Bank, A Division of
Team Traber, LLC in Mcdonough, GA received a Paycheck Protection Loan of $24,900 through Heritage Bank, A Division of, 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, Team Traber, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Team Traber, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,675
- Rent: $6,225
Business Information - Team Traber, LLC in Mcdonough, GA
453 S Mount Carmel Rd
Mcdonough, GA 30253
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mcdonough
In the Mcdonough area, 196 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,999 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Wildfire Select Partners, LLC DBA Maximum One Realtor Partne
Exo2 The Heat Inside, Na, LLC
Kristy K Daniel Homes LLC
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, the same amount reported by Team Traber, LLC and received an average PPP loan of $22,469, 10% lower than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!