PPP Loan Data — Key West Boats Inc, Ridgeville, SC
Key West Boats Inc is a corporation located at 593 Ridgeville Rd in Ridgeville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,632,580.00 in April, 2020.
$ PPP Loan Information
Lender:FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA
Key West Boats Inc in Ridgeville, SC received a Paycheck Protection Loan of $2.63M through FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Key West Boats Inc's total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.
Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $53,094 per employee1.
Business Information - Key West Boats Inc in Ridgeville, SC
593 Ridgeville Rd
Ridgeville, SC 29472
Boat Building (NAICS code 336612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-06
Industry PPP Comparison Statistics
Nationwide, 865 businesses in the "Boat Building" industry received a total of $229,475,071.00 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 23 employees, 90% lower than Key West Boats Inc's reported 238 employees, and received an average PPP loan of $265,289, 90% lower than this company's loan of $2.63M.
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Footnotes & Information
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