PPP Loan Data — Muddy Waters Coffee, LLC, Charleston, SC
Muddy Waters Coffee, LLC is a limited liability company (LLC) located at 1739 Maybank Hwy Ste W in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,298.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South State Bank, National Association
Muddy Waters Coffee, LLC in Charleston, SC received a Paycheck Protection Loan of $25,298 through South State Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Muddy Waters Coffee, LLC's 2019 payroll expenses are estimated to be at least $121,430.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,238 per employee1
Reported PPP Proceed Usage:
On the PPP application, Muddy Waters Coffee, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,298
Business Information - Muddy Waters Coffee, LLC in Charleston, SC
1739 Maybank Hwy Ste W
Charleston, SC 29412
All Other Specialty Food Stores
NAICS code 445299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charleston
In the Charleston area, 7 businesses in the "All Other Specialty Food Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $25,155 (compared to this company's $25,298).
Similar Nearby Businesses Who Received PPP Funding:
Big Kick Coffee LLC
DMR Management Company, LLC
Sweet Jesus Kettle Corn LLC
Signature Food Group, LLC
Life Raft Treats LLC
Industry PPP Comparison Statistics
Nationwide, 13,977 businesses in the "All Other Specialty Food Stores" industry received a total of $690.79M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 83% higher than Muddy Waters Coffee, LLC's reported 6 employees, and received an average PPP loan of $49,423, 95% higher than this company's loan of $25,298.
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Footnotes & Information
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