BGI, LLC in Mount Pleasant, SC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — BGI, LLC, Mount Pleasant, SC

BGI, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Support Activities for Air Transportation

Location: Mount Pleasant, SC

BGI, LLC is a limited liability company (LLC) located at 1141 Bowman Road Ste 101 in Mount Pleasant, South Carolina that received a Coronavirus-related PPP loan from the SBA of $6,324,228.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.32M

Jobs Retained:

411

Loan Approved:

2020-04-11

Lender:

SOUTH STATE BANK, NATIONAL ASSOCIATION

BGI, LLC received a Paycheck Protection Loan of $6.32M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, BGI, LLC's total 2019 payroll expenses were approximately $30.36M in order to qualify for the PPP loan amount received.

Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $73,860 per employee¹.

Because the loan received by BGI, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - BGI, LLC in Mount Pleasant, SC

BGI, LLC
1141 Bowman Road Ste 101
Mount Pleasant, SC 29464

Business Industry

Other Support Activities for Air Transportation (NAICS code 488190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-01

Industry PPP Comparison Statistics

Nationwide, 1,940 businesses in the "Other Support Activities for Air Transportation" industry received a total of $360,688,279.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 97% lower than BGI, LLC's reported 411 employees, and received an average PPP loan of $185,922, 97% lower than this company's loan of $6.32M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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