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PPP Loan Data — Industrial Services Group, Inc,
Sumter, SC
Industrial Services Group, Inc
Entity: Corporation
Industry: Industrial Design Services
Location: Sumter, SC
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Industrial Services Group, Inc is a corporation located at 318 Neeley Street in Sumter, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,782,850.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
152Loan Approved:
2020-04-27Lender:
SYNOVUS BANKIndustrial Services Group, Inc in Sumter, SC received a Paycheck Protection Loan of $2.78M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Industrial Services Group, Inc's total 2019 payroll expenses were approximately $13.36M in order to qualify for the PPP loan amount received.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $87,879 per employee1.
Business Information - Industrial Services Group, Inc in Sumter, SC
318 Neeley Street
Sumter, SC 29150
Business Industry
Industrial Design Services (NAICS code 541420)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-05Industry PPP Comparison Statistics
Nationwide, 1,054 businesses in the "Industrial Design Services" industry received a total of $108,259,509.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 95% lower than Industrial Services Group, Inc's reported 152 employees, and received an average PPP loan of $102,713, 96% lower than this company's loan of $2.78M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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