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PPP Loan Data — Kiawah Resort Associates LP,
Kiawah Island, SC
Kiawah Resort Associates LP
Entity: Partnership
Industry: Full-Service Restaurants
Location: Kiawah Island, SC
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Kiawah Resort Associates LP is a partnership located at 345 Freshfields Dr in Kiawah Island, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,237,245.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
478Loan Approved:
2020-04-09Lender:
FIRST HORIZON BANKKiawah Resort Associates LP received a Paycheck Protection Loan of $3.24M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kiawah Resort Associates LP's total 2019 payroll expenses were approximately $15.54M in order to qualify for the PPP loan amount received.
Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $32,508 per employee1.
Business Information - Kiawah Resort Associates LP in Kiawah Island, SC
345 Freshfields Dr
Kiawah Island, SC 29455
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-01Similar Companies near Kiawah Island
In the Kiawah Island area, 42 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 478) and received an average PPP loan of $206,928 (compared to this company's $3.24M).
Similar Nearby Businesses Who Received PPP Funding:
Southside17 LLC
Johns Island, SC
Cool Cottage, LLC
Johns Island, SC
The Royal Tern Group LLC
Johns Island, SC
Kiss Cafe LLC
Johns Island, SC
Lams Garden LLC
Ladson, SC
Mccanns Seabrook, LLC
Johns Island, SC
9616 China Chef LLC
Ladson, SC
Kaneshia Allen
Ladson, SC
Eggs Over Nchas LLC
Ladson, SC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Kiawah Resort Associates LP's reported 478 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3.24M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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