PPP Loan Data — Joseph Tamsberg, Jr DBA None, Georgetown, SC
Joseph Tamsberg, Jr DBA None is a sole proprietorship located at 211 Screven Street in Georgetown, South Carolina that received a Coronavirus-related PPP loan from the SBA of $45,848.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South State Bank, National Association
Joseph Tamsberg, Jr DBA None in Georgetown, SC received a Paycheck Protection Loan of $45,848 through South State Bank, National Association, 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 February, 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, Joseph Tamsberg, Jr DBA None's 2019 payroll expenses are estimated to be at least $220,070.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,678 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joseph Tamsberg, Jr DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,848
Business Information - Joseph Tamsberg, Jr DBA None in Georgetown, SC
211 Screven Street
Georgetown, SC 29440
Lessors of Other Real Estate Property
NAICS code 531190
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Georgetown
In the Georgetown area, 3 businesses in the "Lessors of Other Real Estate Property" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $20,636 (compared to this company's $45,848).
Similar Nearby Businesses Who Received PPP Funding:
Mossdale Farms LLC
Space Operations LLC
Industry PPP Comparison Statistics
Nationwide, 16,619 businesses in the "Lessors of Other Real Estate Property" industry received a total of $806.44M 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 5 employees, 17% lower than Joseph Tamsberg, Jr DBA None's reported 6 employees, and received an average PPP loan of $48,525, 6% higher than this company's loan of $45,848.
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Footnotes & Information
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