These Cumming Businesses Got $1-10M In PPP Loans

Cumming GA

08 July, 2020

2:37 PM

Description

CUMMING, GA — Businesses affected by the coronavirus pandemic were able to apply for federal relief through the U.S. Small Business Administration and U.S. Treasury's Paycheck Protection Program (PPP). Details were released Monday of the PPP that helped businesses affected by the coronavirus pandemic. The massive data dump came in response to requests for transparency from Democrats and lawsuits filed by major media organizations, including The New York Times; The Washington Post; Dow Jones, publisher of The Wall Street Journal; and ProPublica. More than 4.9 million loans over $150,000 were made to businesses and nonprofit organizations across the country; the total amount for approved loans over that amount was more than $521 billion. There were nearly 300 businesses that received some form of a loan in Cumming. Here are some businesses in Cumming that earned PPP loans between $1-10 million, based on data released by the Small Business Administration: $5 to $10 millionPREMIER HEALTHCARE PROFESSIONALS, INC.100 Colony Park Drive Suite 300Jobs retained: 413$2 to $5 million CORNERSTONE FORMING LLC2415 STATE BARN RD suite 204LOU SOBH CERRITOS SATURN, INC1105 Buford RdJobs retained: 160MULLER MANAGEMENT INC6220 Browns Bridge RdJobs retained: 500RMR MECHANICAL4665 Church Rd.Jobs retained: 400THE RETHINK GROUP5807 CHARLOTTE LN Ste 300Jobs retained: 134$1 to $2 millionAMERICAN BOA, INCORPORATED1485 REDI RDJobs retained: 146BEAVER MOTORS, LLC1875 BUFORD HWYJobs retained: 110BILLY HOWELL FORD LINCOLN, INC.1805 ATLANTA HWYJobs retained: 104DIXIE ELECTRIC COMPANY, INC.5195 Shiloh RdJobs retained: 54HEART AND VASCULAR CARE, INC.3970 Deputy Bill Cantrell Memorial Dr 100Jobs retained: 115LEON JONES FEED & GRAIN, INC.4880 Leland DriveJobs retained: 120PINECREST ACADEMY INC955 PEACHTREE PARKWAYJobs retained: 266SOBH AUTOMOTIVE OF CUMMING, INC.1105 BUFORD RDJobs retained: 92SUMMIT RESOURCES LLC410 Peachtree PkwyJobs retained: 7TRONCALLI AUTOMOTIVE GROUP, INC.818 Atlanta Road 0.0Jobs retained: 164VERTICAL EARTH INCORPORATED6025 Matt HwyJobs retained: 187More than 18,000 businesses in Georgia were approved for loans greater than $150,000. Those loans account for 865,581 Georgia jobs, according to the SBA. Here's a breakdown of loan amounts approved in Georgia: $5 million to $10 million: 123$2 million to $5 million 624$1 million to $2 million: 1,417$350,000 to $1 million: 5,298$150,000 to $300,000: 10,829Loans to Georgia businesses ran the gamut and included higher education institutions, religious schools, manufacturers, car washes, real estate agent companies and non-profits. A searchable database can be found here of coronavirus loans over $150,000 given to Georgia businesses. Because a business's legal name may not match its publicly known name, Patch has included street addresses so readers can more easily follow the money. All information is as supplied by the SBA. If information is blank, the applicant may not have disclosed it when applying for a loan. The full list of SBA loans across the U.S. can be found here. (The chart of loans to Georgia businesses is best viewed when signed in to Patch. If you see an error message below, click here.) Patch Editor Jim Massara contributed to this article.