PPP Loan Data — Ceterus, Inc, Charleston, SC
Ceterus, Inc is a corporation located at 804 Meeting St Suite 201 in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,623,718.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 92 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Ceterus, Inc in Charleston, SC received a Paycheck Protection Loan of $1.62M through Synovus Bank, 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 January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Ceterus, Inc's 2019 payroll expenses are estimated to be at least $7.79M.
Based on their reported 92 jobs retained, this equals an estimated average yearly compensation of $84,716 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ceterus, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,623,718
Business Information - Ceterus, Inc in Charleston, SC
804 Meeting St Suite 201
Charleston, SC 29403
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Charleston
In the Charleston area, 3 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 92) and received an average PPP loan of $567,768 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Roche Real Estate & Tax Inc
Brown Hiers Kinder, LLC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 93% lower than Ceterus, Inc's reported 92 employees, and received an average PPP loan of $73,772, 95% lower than this company's loan of $1.62M.
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Footnotes & Information
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