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PPP Loan Data — Lawless Systems Installation Inc., Greenville, SC

SBA PPP loan data, payroll data, and salaries for Lawless Systems Installation Inc.
SC

Lawless Systems Installation Inc.

Entity: Corporation

Industry: All Other Specialty Trade Contractors

Location: Greenville, SC

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Lawless Systems Installation Inc. is a corporation located at 138b Commerce Ctr in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $79,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$79,100

Jobs Retained:

26

Loan Approved:

2020-04-28

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Lawless Systems Installation Inc. received a Paycheck Protection Loan of $79,100 through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lawless Systems Installation Inc.'s total 2019 payroll expenses were approximately $379,680 in order to qualify for the PPP loan amount received.

Based on their reported 26 jobs retained, this equals an estimated average yearly compensation of $14,603 per employee1.

Business Information - Lawless Systems Installation Inc. in Greenville, SC

Lawless Systems Installation Inc.
138b Commerce Ctr
Greenville, SC 29615

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-04

Similar Companies near Greenville

In the Greenville area, 4 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 26) and received an average PPP loan of $1,273,963 (compared to this company's $79,100).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 65% lower than Lawless Systems Installation Inc.'s reported 26 employees, and received an average PPP loan of $113,959, 44% higher than this company's loan of $79,100.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/lawless-systems-installation-inc-greenville-sc