PPP Loan Data — Dale Brothers Construction LLC, Hollywood, SC
Dale Brothers Construction LLC
Entity: Limited Liability Partnership
Location: Hollywood, SCTweet This • Search All PPP Data
Dale Brothers Construction LLC is a limited liability partnership located at 6535 Toogoodoo Rd in Hollywood, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South Carolina FCU
Dale Brothers Construction LLC in Hollywood, SC received a Paycheck Protection Loan of $25,400 through South Carolina FCU, which was approved in April, 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 June, 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, Dale Brothers Construction LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dale Brothers Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Dale Brothers Construction LLC in Hollywood, SC
6535 Toogoodoo Rd
Hollywood, SC 29449
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hollywood
In the Hollywood area, 6 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 2) and received an average PPP loan of $164,243 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Meeks Construction Company, Inc
Yonges Island, SC
S. Colosi, Inc
James F Pedersen Co. Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Dale Brothers Construction LLC's reported 2 employees, and received an average PPP loan of $45,182, 78% higher than this company's loan of $25,400.
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Footnotes & Information
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