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PPP Loan Data — Boomtown ROI, LLC, North Charleston, SC

SBA PPP loan data, payroll data, and salaries for Boomtown ROI, LLC
SC

Boomtown ROI, LLC

Entity: Limited Liability Company (LLC)

Industry: Custom Computer Programming Services

Location: North Charleston, SC

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Boomtown ROI, LLC is a limited liability company (LLC) located at 1505 King Street Ext in North Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $5,111,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.11M

Jobs Retained:

348

Loan Approved:

2020-04-11

Lender:

BEACON COMMUNITY BANK

Boomtown ROI, LLC received a Paycheck Protection Loan of $5.11M through BEACON COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Boomtown ROI, LLC's total 2019 payroll expenses were approximately $24.53M in order to qualify for the PPP loan amount received.

Based on their reported 348 jobs retained, this equals an estimated average yearly compensation of $70,498 per employee1.

Because the loan received by Boomtown ROI, 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 - Boomtown ROI, LLC in North Charleston, SC

Boomtown ROI, LLC
1505 King Street Ext
North Charleston, SC 29405

Business Industry

Custom Computer Programming Services (NAICS code 541511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-06

Similar Companies near North Charleston

In the North Charleston area, 4 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 348) and received an average PPP loan of $1,363,505 (compared to this company's $5.11M).

Industry PPP Comparison Statistics

Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 97% lower than Boomtown ROI, LLC's reported 348 employees, and received an average PPP loan of $200,633, 96% lower than this company's loan of $5.11M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/boomtown-roi-llc-north-charleston-sc