PPP Loan Data — Greenwood Mills, Inc, Greenwood, SC
Greenwood Mills, Inc is a corporation located at 1800 Calhoun Rd in Greenwood, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,259,800.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Greenwood Mills, Inc in Greenwood, SC received a Paycheck Protection Loan of $2.26M through Fifth Third Bank, which was approved in July, 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, Greenwood Mills, Inc's 2019 payroll expenses are estimated to be at least $10.85M.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $34,326 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenwood Mills, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,259,800
Business Information - Greenwood Mills, Inc in Greenwood, SC
1800 Calhoun Rd
Greenwood, SC 29649
Broadwoven Fabric Mills
NAICS code 313210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 424 businesses in the "Broadwoven Fabric Mills" industry received a total of $108.18M 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 26 employees, 92% lower than Greenwood Mills, Inc's reported 316 employees, and received an average PPP loan of $255,144, 89% lower than this company's loan of $2.26M.
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Footnotes & Information
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