PPP Loan Data — Mid-Carolina Plumbing LLC, Southport, NC
Mid-Carolina Plumbing LLC
Entity: Sole Proprietorship
Location: Southport, NCTweet This • Search All PPP Data
Mid-Carolina Plumbing LLC is a sole proprietorship located at 4829 Southgate Boulevard Southeast in Southport, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Mid-Carolina Plumbing LLC in Southport, NC received a Paycheck Protection Loan of $25,000 through Customers Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mid-Carolina Plumbing LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mid-Carolina Plumbing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mid-Carolina Plumbing LLC in Southport, NC
4829 Southgate Boulevard Southeast
Southport, NC 28461
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Southport
In the Southport area, 14 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $16,470 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
PTW Enterprise Inc
Junebug Bags & Boutique
Villanueva Services & Mexican Tienda
Topsail Island Popcorn Factory, LLC
Sneads Ferry, NC
Sneads Ferry, NC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 20% lower than Mid-Carolina Plumbing LLC's reported 5 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
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Footnotes & Information
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