PPP Loan Data — Clark Group Of SC, LLC The, Lexington, SC
Clark Group Of SC, LLC The is a limited liability company (LLC) located at 220 East Main Street in Lexington, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,417.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Community Bank
Clark Group Of SC, LLC The in Lexington, SC received a Paycheck Protection Loan of $25,417 through First Community Bank, which was approved in April, 2020.
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, Clark Group Of SC, LLC The's 2019 payroll expenses are estimated to be at least $122,002.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,001 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clark Group Of SC, LLC The reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,417
Business Information - Clark Group Of SC, LLC The in Lexington, SC
220 East Main Street
Lexington, SC 29072
Direct Health and Medical Insurance Carriers
NAICS code 524114
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lexington
In the Lexington area, 4 businesses in the "Direct Health and Medical Insurance Carriers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $34,659 (compared to this company's $25,417).
Similar Nearby Businesses Who Received PPP Funding:
Shealy Benefits Services, Inc
Industry PPP Comparison Statistics
Nationwide, 4,454 businesses in the "Direct Health and Medical Insurance Carriers" industry received a total of $262.47M 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 7 employees, 250% higher than Clark Group Of SC, LLC The's reported 2 employees, and received an average PPP loan of $58,930, 132% higher than this company's loan of $25,417.
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