PPP Loan Data — Thomas Logistics Group Inc, Atlanta, GA
Thomas Logistics Group Inc is a limited liability company (LLC) located at 3910 Parham Way , Atlanta, Ga, 30349 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Thomas Logistics Group Inc in Atlanta, GA received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in June, 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, Thomas Logistics Group Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thomas Logistics Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Thomas Logistics Group Inc in Atlanta, GA
3910 Parham Way , Atlanta, Ga, 30349
Atlanta, GA 30349
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 255 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 10) and received an average PPP loan of $18,308 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Norman's Landscaping & More
The Shows 1 Lawn Service/Gregory Jordan
Collge Park, GA
College Park, GA
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 50% lower than Thomas Logistics Group Inc's reported 10 employees, and received an average PPP loan of $43,486, 74% higher than this company's loan of $25,000.
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Footnotes & Information
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