PPP Loan Data — Weavermeyer LLC DBA British Swim School, Marietta, GA
Weavermeyer LLC DBA British Swim School is a limited liability company (LLC) located at 5109 Willow Point Pkwy in Marietta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Weavermeyer LLC DBA British Swim School in Marietta, GA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Weavermeyer LLC DBA British Swim School's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Weavermeyer LLC DBA British Swim School reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Weavermeyer LLC DBA British Swim School in Marietta, GA
5109 Willow Point Pkwy
Marietta, GA 30068
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Marietta
In the Marietta area, 49 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $31,988 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Analytic Vizion Inc
Roybal & Roybal Inc
Vann & Vann Partners And Associates, Inc
Studio 251 Inc
JMM Services, LLC
Galileo Search LLC
Going Interactive Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 67% higher than Weavermeyer LLC DBA British Swim School's reported 6 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $25,000.
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Footnotes & Information
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