PPP Loan Data — Pepsi Cola Of Florence LLC, Florence, SC
Pepsi Cola Of Florence LLC is a limited liability company (LLC) located at 2499 Florence Harllee Blvd in Florence, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,843,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Pepsi Cola Of Florence LLC in Florence, SC received a Paycheck Protection Loan of $1.84M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Pepsi Cola Of Florence LLC's 2019 payroll expenses are estimated to be at least $8.85M.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $43,813 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pepsi Cola Of Florence LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,843,800
Business Information - Pepsi Cola Of Florence LLC in Florence, SC
2499 Florence Harllee Blvd
Florence, SC 29506
Soft Drink Manufacturing
NAICS code 312111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 814 businesses in the "Soft Drink Manufacturing" industry received a total of $205.71M 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 23 employees, 89% lower than Pepsi Cola Of Florence LLC's reported 202 employees, and received an average PPP loan of $252,716, 86% lower than this company's loan of $1.84M.
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Footnotes & Information
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