PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Musollari Express, Myrtle Beach, SC

ALERT: There are 2 PPP loans for a total of $17,860 in our database for businesses with the name "Musollari Express" in Myrtle Beach, SC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Musollari Express
SC

Musollari Express

Entity: Limited Liability Company (LLC)

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Myrtle Beach, SC

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Musollari Express is a limited liability company (LLC) located in Myrtle Beach, South Carolina that received a Coronavirus-related PPP loan from the SBA of $8,930.00 in February, 2021.

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

$ PPP Loan Information
Loan #2517958507

Loan Size:

$8,930

Jobs Retained:

1

Loan Approved:

2021-02-20

Loan Status:

Ongoing Loan

Lender:

Celtic Bank Corporation

Musollari Express in Myrtle Beach, SC received a Paycheck Protection Loan of $8,930 through Celtic Bank Corporation, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Musollari Express reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,930

Business Information - Musollari Express in Myrtle Beach, SC

Musollari Express
Myrtle Beach, SC
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Horry County, SC — SBA Office 0464 — Congressional District: SC-07

Similar Companies near Myrtle Beach

In the Myrtle Beach area, 26 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $32,105 (compared to this company's $8,930).

Industry PPP Comparison Statistics

Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 400% higher than Musollari Express' reported 1 employees, and received an average PPP loan of $45,182, 406% higher than this company's loan of $8,930.

SBA PPP loan data, payroll data, and salaries for Musollari Express
SC

Musollari Express

Entity: Limited Liability Company (LLC)

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Myrtle Beach, SC

Search All PPP Data

Musollari Express is a limited liability company (LLC) located in Myrtle Beach, South Carolina that received a Coronavirus-related PPP loan from the SBA of $8,930.00 in June, 2020.

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

$ PPP Loan Information
Loan #9543207809

Loan Size:

$8,930

Jobs Retained:

1

Loan Approved:

2020-06-08

Loan Status:

Ongoing Loan

Lender:

Celtic Bank Corporation

Musollari Express in Myrtle Beach, SC received a Paycheck Protection Loan of $8,930 through Celtic Bank Corporation, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Musollari Express reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,930

Business Information - Musollari Express in Myrtle Beach, SC

Musollari Express
Myrtle Beach, SC
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Horry County, SC — SBA Office 0464 — Congressional District: SC-07

Similar Companies near Myrtle Beach

In the Myrtle Beach area, 26 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $32,105 (compared to this company's $8,930).

Industry PPP Comparison Statistics

Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 400% higher than Musollari Express' reported 1 employees, and received an average PPP loan of $45,182, 406% higher than this company's loan of $8,930.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/musollari-express-myrtle-beach-sc