Local News
Friday, 10 July 2020 10:52

PPP Loans Nearly 300 received In Cumming

Details were released of the PPP that helped businesses affected by the coronavirus pandemic.  Nearly 300 in Cumming.

The massive information came in response to requests for transparency from Democrats and lawsuits that were filed by organizations including The New York Times. The Washington Post and More.  More than 4.9 million loans totally more than $521 billion.

In Cumming there were nearly 300 businesses that received some form of a loan.  Here are just some of the business's receiving loans:

$5 to $10 million

Premier Healthcare Professionals, Inc.     Jobs retained 413

$2 to $5 million

Cornerstone Forming LLC

Lou Sobh Cerritos Saturn, Inc.   Jobs retained 160

Muller Management Inc   Jobs retained 500

RMR Mechanical   Jobs retained 400

The Rethink Group

$1  to $2 million

American BOA, Inc.  Jobs retained 146

Beaver Motors, LLC  Jobs retained 110

Billy Howell Ford Lincoln, Inc.  Jobs retained 104

Dixie Electric Company, Inc.  Jobs retained 54

Heart and Vascular Care, Inc.  Jobs retained 115

Leon Jones Reed and Grain, Inc.  Jobs retained 120

PineCrest Academy, Inc.    Jobs retained 266

SOBH Automotive of Cumming Jobs retained 92

Summit Resources, LLC  Jobs retained 7

Troncalli Automotive Group, Inc.  Jobs retained 164

Vertical Earth Incorporated  Jobs retained 187

There were more than 18,000 businesses in Georgia that were approved for loans greater than $150,000.  These retained 865,000 plus jobs.

The following is a break down of the number of businesses based on the size of the loan:

$5 million to $10 million   123

$2 million to $5 million  616

$1 million to $2 million  1,417

$350,000 to $1 million  5,298

$150,000 to $200,000 10,829

 

These loans to Georgia businesses ran from business types of higher education, religious schools, manufactures, car washes, real estate agent companies and non-profits.

For a full list of loans across the United states go to https://sba.app.box.com/s/tvb0v5i57oa8gc6b5dcm9cyw7y2ms6pp.

Related items