PPP Loan Data — Dan Marc Trucking LLC, Mccoll, SC
Dan Marc Trucking LLC is a limited liability company (LLC) located at 323 Oak Hill Rd in Mccoll, 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:First-Citizens Bank & Trust Company
Dan Marc Trucking LLC in Mccoll, SC received a Paycheck Protection Loan of $25,400 through First-Citizens Bank & Trust Company, 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, Dan Marc Trucking LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dan Marc Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Dan Marc Trucking LLC in Mccoll, SC
323 Oak Hill Rd
Mccoll, SC 29570
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Mccoll
In the Mccoll area, 8 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $14,954 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Mike & DJ Trucking
Mc Coll, SC
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 20% lower than Dan Marc Trucking LLC's reported 5 employees, and received an average PPP loan of $37,520, 48% higher than this company's loan of $25,400.
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Footnotes & Information
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