PPP Loan Data — YE World Inc, Stockbridge, GA
YE World Inc is a corporation located at 31 Highway 138 W Ste 350 in Stockbridge, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,447.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
YE World Inc in Stockbridge, GA received a Paycheck Protection Loan of $25,447 through Bank of America, 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, YE World Inc's 2019 payroll expenses are estimated to be at least $122,146.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,268 per employee1
Reported PPP Proceed Usage:
On the PPP application, YE World Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,447
Business Information - YE World Inc in Stockbridge, GA
31 Highway 138 W Ste 350
Stockbridge, GA 30281
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Stockbridge
In the Stockbridge area, 12 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 8) and received an average PPP loan of $73,569 (compared to this company's $25,447).
Similar Nearby Businesses Who Received PPP Funding:
Fun Foods LLC
Patel Taherbhai, Inc
Arshi & Khushi LLC
Aleem & Kaleem Inc
Aasa USA LLC
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, 25% higher than YE World Inc's reported 8 employees, and received an average PPP loan of $42,878, 68% higher than this company's loan of $25,447.
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