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PPP Loan Data — BT Enterprise LLC, Moncks Corner, SC

SBA PPP loan data, payroll data, and salaries for BT Enterprise LLC
SC

BT Enterprise LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Moncks Corner, SC

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BT Enterprise LLC is a limited liability company (LLC) located at 1010 Old Us 52 in Moncks Corner, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,220.00 in May, 2020.

$ PPP Loan Information
Loan #4924087408

Loan Size:

$46,220

Jobs Retained:

17

Loan Approved:

2020-05-11

Loan Status:

Paid in Full or Forgiven

Lender:

South State Bank, National Association

BT Enterprise LLC in Moncks Corner, SC received a Paycheck Protection Loan of $46,220 through South State Bank, National Association, which was approved in May, 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 March, 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, BT Enterprise LLC's 2019 payroll expenses are estimated to be at least $221,856.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $13,050 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $46,220

Business Information - BT Enterprise LLC in Moncks Corner, SC

BT Enterprise LLC
1010 Old Us 52
Moncks Corner, SC 29461

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Berkeley County, SC — SBA Office 0464 — Congressional District: SC-01

Similar Companies near Moncks Corner

In the Moncks Corner area, 20 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 17) and received an average PPP loan of $59,248 (compared to this company's $46,220).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 29% higher than BT Enterprise LLC's reported 17 employees, and received an average PPP loan of $129,504, 180% higher than this company's loan of $46,220.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/bt-enterprise-llc-moncks-corner-sc