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PPP Loan Data — Turn & Burn Mortors Inc, Conyers, GA

SBA PPP loan data, payroll data, and salaries for Turn & Burn Mortors Inc
GA

Turn & Burn Mortors Inc

Entity: Corporation

Industry: Motorcycle, ATV, and All Other Motor Vehicle Dealers

Location: Conyers, GA

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Turn & Burn Mortors Inc is a corporation located at 1794 Iris Dr Sw in Conyers, Georgia that received a Coronavirus-related PPP loan from the SBA of $113,325.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$113,325

Jobs Retained:

19

Loan Approved:

2020-04-28

Lender:

SYNOVUS BANK

Turn & Burn Mortors Inc received a Paycheck Protection Loan of $113,325 through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Turn & Burn Mortors Inc's total 2019 payroll expenses were approximately $543,960 in order to qualify for the PPP loan amount received.

Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $28,629 per employee1.

Business Information - Turn & Burn Mortors Inc in Conyers, GA

Turn & Burn Mortors Inc
1794 Iris Dr Sw
Conyers, GA 30094

Business Industry

Motorcycle, ATV, and All Other Motor Vehicle Dealers (NAICS code 441228)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-04

Similar Companies near Conyers

In the Conyers area, 3 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 19) and received an average PPP loan of $1,011,642 (compared to this company's $113,325).

Industry PPP Comparison Statistics

Nationwide, 5,280 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $853,860,010.00 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 14 employees, 26% lower than Turn & Burn Mortors Inc's reported 19 employees, and received an average PPP loan of $161,716, 43% higher than this company's loan of $113,325.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/turn-and-burn-mortors-inc-conyers-ga