PPP Loan Data — Over The Mantel Gallery, Columbia, SC
Over The Mantel Gallery is a sole proprietorship located at 3142 Carlisle St in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,012.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Over The Mantel Gallery in Columbia, SC received a Paycheck Protection Loan of $25,012 through Bank of America, National Association, which was approved in May, 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, Over The Mantel Gallery's 2019 payroll expenses are estimated to be at least $120,058.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,029 per employee1
Reported PPP Proceed Usage:
On the PPP application, Over The Mantel Gallery reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,012
Business Information - Over The Mantel Gallery in Columbia, SC
3142 Carlisle St
Columbia, SC 29205
Nature Parks and Other Similar Institutions
NAICS code 712190
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia area, 2 businesses in the "Nature Parks and Other Similar Institutions" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $14,075 (compared to this company's $25,012).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 1,095 businesses in the "Nature Parks and Other Similar Institutions" industry received a total of $114.34M 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 14 employees, 600% higher than Over The Mantel Gallery's reported 2 employees, and received an average PPP loan of $104,420, 317% higher than this company's loan of $25,012.
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Footnotes & Information
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