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PPP Loan Data — Thompson Ventulett Stainback PC,
Atlanta, GA
Thompson Ventulett Stainback PC
Entity: Subchapter S Corporation
Industry: Industrial Building Construction
Location: Atlanta, GA
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Thompson Ventulett Stainback PC is a subchapter s corporation located at 1230 Peachtree Street Ne Suite 2700 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,575,318.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 176 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
176Loan Approved:
2020-04-13Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COThompson Ventulett Stainback PC in Atlanta, GA received a Paycheck Protection Loan of $3.58M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Thompson Ventulett Stainback PC's total 2019 payroll expenses were approximately $17.16M in order to qualify for the PPP loan amount received.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $97,509 per employee1.
Business Information - Thompson Ventulett Stainback PC in Atlanta, GA
1230 Peachtree Street Ne Suite 2700
Atlanta, GA 30309
Business Industry
Industrial Building Construction (NAICS code 236210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Similar Companies near Atlanta
In the Atlanta area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 176) and received an average PPP loan of $1,800,259 (compared to this company's $3.58M).
Similar Nearby Businesses Who Received PPP Funding:
Pace Management LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 93% lower than Thompson Ventulett Stainback PC's reported 176 employees, and received an average PPP loan of $202,845, 94% lower than this company's loan of $3.58M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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