PPP Loan Data — O Pluff & Company LLC, Charleston, SC
O Pluff & Company LLC is a corporation located at 1038 Jenkins Rd Suite 112 in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,230.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Horizon Bank
O Pluff & Company LLC in Charleston, SC received a Paycheck Protection Loan of $46,230 through First Horizon Bank, 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 June, 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, O Pluff & Company LLC's 2019 payroll expenses are estimated to be at least $221,904.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,701 per employee1
Reported PPP Proceed Usage:
On the PPP application, O Pluff & Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,800
- Utilities: $423
- Mortgage Interest: $5,500
- Rent: $3,000
- Debt Interest: $507
Business Information - O Pluff & Company LLC in Charleston, SC
1038 Jenkins Rd Suite 112
Charleston, SC 29407
Coffee and Tea Manufacturing
NAICS code 311920
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Charleston
In the Charleston area, 3 businesses in the "Coffee and Tea Manufacturing" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 7) and received an average PPP loan of $58,577 (compared to this company's $46,230).
Similar Nearby Businesses Who Received PPP Funding:
Charleston Coffee Roasters, Inc
Industry PPP Comparison Statistics
Nationwide, 2,952 businesses in the "Coffee and Tea Manufacturing" industry received a total of $243.74M 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, 57% higher than O Pluff & Company LLC's reported 7 employees, and received an average PPP loan of $82,568, 79% higher than this company's loan of $46,230.
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Footnotes & Information
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