MANAAIR LLC
PPP Loan approved Feb 22, 2021 through Harvest Small Business Finance, LLC
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $9,999,997.00 | 100.0% |
| Utilities | $1.00 | 0.0% |
About This Loan
MANAAIR LLC received a PPP loan of $10,000,000 approved on Feb 22, 2021. The loan was originated by Harvest Small Business Finance, LLC.
MANAAIR LLC is a limited liability company(llc) located in COLLEGE PARK, Georgia. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Scheduled Air Transportation industry (NAICS 481111), part of the Transportation and Warehousing sector of the economy. The applicant reported 77 jobs as retained through this loan.
The SBA forgave $3,274,356.07 of this loan — 32.7% of the total approved amount, with forgiveness recorded on Sep 21, 2022. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $9,999,997 to payroll, $1 to utilities. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Georgia, visit the Georgia page. To compare this loan with others in the same industry, see the Scheduled Air Transportation industry page.