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PPP Loan Data — Bonitz, Inc., Columbia, SC

SBA PPP loan data, payroll data, and salaries for Bonitz, Inc.
SC

Bonitz, Inc.

Entity: Corporation

Industry: Soybean Farming

Location: Columbia, SC

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Bonitz, Inc. is a corporation located at 645 Rosewood Dr in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $7,453,549.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.45M

Jobs Retained:

496

Loan Approved:

2020-04-13

Lender:

SYNOVUS BANK

Bonitz, Inc. received a Paycheck Protection Loan of $7.45M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bonitz, Inc.'s total 2019 payroll expenses were approximately $35.78M in order to qualify for the PPP loan amount received.

Based on their reported 496 jobs retained, this equals an estimated average yearly compensation of $72,131 per employee1.

Because the loan received by Bonitz, Inc. 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 - Bonitz, Inc. in Columbia, SC

Bonitz, Inc.
645 Rosewood Dr
Columbia, SC 29201

Business Industry

Soybean Farming (NAICS code 111110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-06

Similar Companies near Columbia

In the Columbia area, 2 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 261 employees (compared to this company's 496) and received an average PPP loan of $3,856,469 (compared to this company's $7.45M).

Similar Nearby Businesses Who Received PPP Funding:

Historic Columbia Foundation
Columbia, SC

$259,388 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,675 businesses in the "Soybean Farming" industry received a total of $203,452,333.00 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 3 employees, 99% lower than Bonitz, Inc.'s reported 496 employees, and received an average PPP loan of $23,453, 100% lower than this company's loan of $7.45M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bonitz-inc-columbia-sc