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PPP Loan Data — KW Associates LLC, Columbia, SC

SBA PPP loan data, payroll data, and salaries for KW Associates LLC
SC

KW Associates LLC

Entity: Limited Liability Company (LLC)

Industry: Beer and Ale Merchant Wholesalers

Location: Columbia, SC

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KW Associates LLC is a limited liability company (LLC) located at 825 Bluff Rd in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,661,390.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 308 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.66M

Jobs Retained:

308

Loan Approved:

2020-04-11

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

KW Associates LLC received a Paycheck Protection Loan of $3.66M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, KW Associates LLC's total 2019 payroll expenses were approximately $17.57M in order to qualify for the PPP loan amount received.

Based on their reported 308 jobs retained, this equals an estimated average yearly compensation of $57,061 per employee1.

Because the loan received by KW Associates LLC 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 - KW Associates LLC in Columbia, SC

KW Associates LLC
825 Bluff Rd
Columbia, SC 29201

Business Industry

Beer and Ale Merchant Wholesalers (NAICS code 424810)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: SC-06

Industry PPP Comparison Statistics

Nationwide, 1,103 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $586,037,858.00 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 43 employees, 86% lower than KW Associates LLC's reported 308 employees, and received an average PPP loan of $531,313, 85% lower than this company's loan of $3.66M.

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.

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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/kw-associates-llc-columbia-sc