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PPP Loan Data — Its Sprinturf Holdings, Daniel Island, SC

SBA PPP loan data, payroll data, and salaries for Its Sprinturf Holdings
SC

Its Sprinturf Holdings

Entity: Limited Liability Company (LLC)

Industry: Carpet and Rug Mills

Location: Daniel Island, SC

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Its Sprinturf Holdings is a limited liability company (LLC) located at 146 Fairchild St Ste 150 in Daniel Island, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,826,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.83M

Jobs Retained:

253

Loan Approved:

2020-04-11

Lender:

REGIONS BANK

Its Sprinturf Holdings in Daniel Island, SC received a Paycheck Protection Loan of $2.83M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Its Sprinturf Holdings' total 2019 payroll expenses were approximately $13.57M in order to qualify for the PPP loan amount received.

Based on their reported 253 jobs retained, this equals an estimated average yearly compensation of $53,620 per employee1.

Because the loan received by Its Sprinturf Holdings is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Its Sprinturf Holdings in Daniel Island, SC

Its Sprinturf Holdings
146 Fairchild St Ste 150
Daniel Island, SC 29492

Business Industry

Carpet and Rug Mills (NAICS code 314110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-01

Industry PPP Comparison Statistics

Nationwide, 389 businesses in the "Carpet and Rug Mills" industry received a total of $115,483,385.00 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 25 employees, 90% lower than Its Sprinturf Holdings' reported 253 employees, and received an average PPP loan of $296,872, 89% lower than this company's loan of $2.83M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/its-sprinturf-holdings-daniel-island-sc