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PPP Loan Data — Main, Waters Enterprises, LLC,
Charleston, SC
Main, Waters Enterprises, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Charleston, SC
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Main, Waters Enterprises, LLC is a limited liability company (LLC) located at 13 Johnson Road in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $726,790.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
171Loan Approved:
2020-04-11Lender:
SOUTH STATE BANK, NATIONAL ASSOCIATIONMain, Waters Enterprises, LLC received a Paycheck Protection Loan of $726,790 through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Main, Waters Enterprises, LLC's total 2019 payroll expenses were approximately $3.49M in order to qualify for the PPP loan amount received.
Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $20,401 per employee1.
Business Information - Main, Waters Enterprises, LLC in Charleston, SC
13 Johnson Road
Charleston, SC 29407
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-01Similar Companies near Charleston
In the Charleston area, 39 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 171) and received an average PPP loan of $243,418 (compared to this company's $726,790).
Similar Nearby Businesses Who Received PPP Funding:
Cook Out- Charleston Inc
Charleston, SC
Stafford Restaurant Management LLC
North Charleston, SC
Shishiraj Fast Food LLC
Charleston, SC
Family Ventures 1, LLC
Charleston, SC
Eakl Enterprises Inc
North Charleston, SC
J K S & K, Inc.
North Charleston, SC
We Three Kings, Inc.
Charleston, SC
In The Moment, LLC
Charleston, SC
The Early Bird Diner, LLC
Charleston, SC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 87% lower than Main, Waters Enterprises, LLC's reported 171 employees, and received an average PPP loan of $120,904, 83% lower than this company's loan of $726,790.
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.
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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