PPP Loan Data — Yates Unlimited, Inc, Lagrange, GA
Yates Unlimited, Inc
Location: Lagrange, GATweet This • Search All PPP Data
Yates Unlimited, Inc is a corporation located at 1111 Mooty Bridge Rd in Lagrange, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Yates Unlimited, Inc in Lagrange, GA received a Paycheck Protection Loan of $25,250 through Synovus Bank, which was approved in April, 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, Yates Unlimited, Inc's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yates Unlimited, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,250
Business Information - Yates Unlimited, Inc in Lagrange, GA
1111 Mooty Bridge Rd
Lagrange, GA 30240
New Multifamily Housing Construction (except For-Sale Builders)
NAICS code 236116
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lagrange
In the Lagrange area, 3 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $28,029 (compared to this company's $25,250).
Similar Nearby Businesses Who Received PPP Funding:
Benchmark Performance LLC
Industry PPP Comparison Statistics
Nationwide, 13,259 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.11B 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 8 employees, 300% higher than Yates Unlimited, Inc's reported 2 employees, and received an average PPP loan of $83,412, 230% higher than this company's loan of $25,250.
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Footnotes & Information
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