PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Beach Holidays LLC, Myrtle Beach, SC

ALERT: There are 2 PPP loans for a total of $154,312 in our database for businesses with the name "Beach Holidays LLC" in Myrtle Beach, SC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Beach Holidays LLC
SC

Beach Holidays LLC

Entity: Limited Liability Company (LLC)

Industry: Payroll Services

Location: Myrtle Beach, SC

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Beach Holidays LLC is a limited liability company (LLC) located at 803 S Ocean Blvd in Myrtle Beach, South Carolina that received a Coronavirus-related PPP loan from the SBA of $76,852.00 in February, 2021.

The company has reported itself as a White owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #4360668405

Loan Size:

$76,852

Jobs Retained:

7

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

Beach Holidays LLC in Myrtle Beach, SC received a Paycheck Protection Loan of $76,852 through TD Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Beach Holidays LLC's 2019 payroll expenses are estimated to be at least $368,890.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $52,699 per employee1

Reported PPP Proceed Usage:

On the PPP application, Beach Holidays LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $76,850
  • Utilities: $1

Business Information - Beach Holidays LLC in Myrtle Beach, SC

Beach Holidays LLC
803 S Ocean Blvd
Myrtle Beach, SC 29577

Business Industry:
Payroll Services
NAICS code 541214

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Horry County, SC — SBA Office 0464 — Congressional District: SC-07

Similar Companies near Myrtle Beach

In the Myrtle Beach area, 2 businesses in the "Payroll Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 7) and received an average PPP loan of $107,926 (compared to this company's $76,852).

Similar Nearby Businesses Who Received PPP Funding:

Accuchex, Inc
Myrtle Beach, SC

$139,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,837 businesses in the "Payroll Services" industry received a total of $572.33M 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 16 employees, 129% higher than Beach Holidays LLC's reported 7 employees, and received an average PPP loan of $149,162, 94% higher than this company's loan of $76,852.

SBA PPP loan data, payroll data, and salaries for Beach Holidays LLC
SC

Beach Holidays LLC

Entity: Limited Liability Company (LLC)

Industry: Employment Placement Agencies

Location: Myrtle Beach, SC

Search All PPP Data

Beach Holidays LLC is a limited liability company (LLC) located at 803 S Ocean Blvd in Myrtle Beach, South Carolina that received a Coronavirus-related PPP loan from the SBA of $77,460.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #5417757103

Loan Size:

$77,460

Jobs Retained:

7

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

TD Bank, National Association

Beach Holidays LLC in Myrtle Beach, SC received a Paycheck Protection Loan of $77,460 through TD Bank, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Beach Holidays LLC's 2019 payroll expenses are estimated to be at least $371,808.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $53,115 per employee1

Reported PPP Proceed Usage:

On the PPP application, Beach Holidays LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $77,460

Business Information - Beach Holidays LLC in Myrtle Beach, SC

Beach Holidays LLC
803 S Ocean Blvd
Myrtle Beach, SC 29577

Business Industry:
Employment Placement Agencies
NAICS code 561311

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Horry County, SC — SBA Office 0464 — Congressional District: SC-07

Similar Companies near Myrtle Beach

In the Myrtle Beach area, 5 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 7) and received an average PPP loan of $392,371 (compared to this company's $77,460).

Industry PPP Comparison Statistics

Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B 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 35 employees, 400% higher than Beach Holidays LLC's reported 7 employees, and received an average PPP loan of $277,549, 258% higher than this company's loan of $77,460.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/beach-holidays-llc-myrtle-beach-sc