PPP Loan Data — Hillcrest Extermination Co, Inc, Columbia, SC
Hillcrest Extermination Co, Inc is a corporation located at 8705 Two Notch Road in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Palmetto Bank
Hillcrest Extermination Co, Inc in Columbia, SC received a Paycheck Protection Loan of $46,200 through First Palmetto 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 March, 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, Hillcrest Extermination Co, Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hillcrest Extermination Co, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,650
- Mortgage Interest: $11,550
Business Information - Hillcrest Extermination Co, Inc in Columbia, SC
8705 Two Notch Road
Columbia, SC 29223
Exterminating and Pest Control Services
NAICS code 561710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia area, 3 businesses in the "Exterminating and Pest Control Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $28,625 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
The Pest Bureau, Inc
Industry PPP Comparison Statistics
Nationwide, 11,446 businesses in the "Exterminating and Pest Control Services" industry received a total of $713.27M 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 8 employees, 33% higher than Hillcrest Extermination Co, Inc's reported 6 employees, and received an average PPP loan of $62,316, 35% higher than this company's loan of $46,200.
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Footnotes & Information
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