PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Benoit Group, LLC, Atlanta, GA

ALERT: There are 2 PPP loans for a total of $469,678 in our database for businesses with the name "The Benoit Group, LLC" in Atlanta, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Benoit Group, LLC
GA

The Benoit Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Activities Related to Real Estate

Location: Atlanta, GA

Search All PPP Data

The Benoit Group, LLC is a limited liability company (LLC) located at 6780 Roswell Rd Ste C200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $248,654.00 in January, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least eleven people during the applicable loan loan period.

$ PPP Loan Information
Loan #1194748307

Loan Size:

$248,654

Jobs Retained:

11

Loan Approved:

2021-01-16

Loan Status:

Ongoing Loan

Lender:

Carver State Bank
Likely Employment Reduction3

The Benoit Group, LLC in Atlanta, GA received a Paycheck Protection Loan of $248,654 through Carver State Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 11 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 12. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Benoit Group, LLC's 2019 payroll expenses are estimated to be at least $1.19M (not accounting for salary amounts > $100k).

Because the 11 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, The Benoit Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $248,651

Business Information - The Benoit Group, LLC in Atlanta, GA

The Benoit Group, LLC
6780 Roswell Rd Ste C200
Atlanta, GA 30328

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fulton County, GA — SBA Office 0405 — Congressional District: GA-06

Similar Companies near Atlanta

In the Atlanta area, 131 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 11) and received an average PPP loan of $97,661 (compared to this company's $248,654).

Industry PPP Comparison Statistics

Nationwide, 73,137 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.57B 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 4 employees, 64% lower than The Benoit Group, LLC's reported 11 employees, and received an average PPP loan of $48,821, 80% lower than this company's loan of $248,654.

SBA PPP loan data, payroll data, and salaries for The Benoit Group, LLC
GA

The Benoit Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Activities Related to Real Estate

Location: Atlanta, GA

Search All PPP Data

The Benoit Group, LLC is a limited liability company (LLC) located at 6780 Roswell Rd Ste 200 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $221,024.00 in May, 2020.

The company has reported itself as a Black or african american male owned business, and employed at least fourteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #8774467308

Loan Size:

$221,024

Jobs Retained:

14

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

The Benoit Group, LLC in Atlanta, GA received a Paycheck Protection Loan of $221,024 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Benoit Group, LLC's 2019 payroll expenses are estimated to be at least $1.06M.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $75,780 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Benoit Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $221,024

Business Information - The Benoit Group, LLC in Atlanta, GA

The Benoit Group, LLC
6780 Roswell Rd Ste 200
Atlanta, GA 30328

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fulton County, GA — SBA Office 0405 — Congressional District: GA-06

Similar Companies near Atlanta

In the Atlanta area, 131 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 14) and received an average PPP loan of $97,661 (compared to this company's $221,024).

Industry PPP Comparison Statistics

Nationwide, 73,137 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.57B 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 4 employees, 71% lower than The Benoit Group, LLC's reported 14 employees, and received an average PPP loan of $48,821, 78% lower than this company's loan of $221,024.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/the-benoit-group-llc-atlanta-ga