PPP Loan Data — Percy D Johnson, Santee, SC
Percy D Johnson
Entity: Sole Proprietorship
Location: Santee, SCTweet This • Search All PPP Data
Percy D Johnson is a sole proprietorship located at 385 Ballard Ln , Santee, Sc, 29142 in Santee, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Percy D Johnson in Santee, SC received a Paycheck Protection Loan of $25,000 through MBE Capital Partners, which was approved in June, 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, Percy D Johnson's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Percy D Johnson reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Percy D Johnson in Santee, SC
385 Ballard Ln , Santee, Sc, 29142
Santee, SC 29142
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Santee
In the Santee area, 2 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" 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 $22,917 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, 200% higher than Percy D Johnson's reported 2 employees, and received an average PPP loan of $66,149, 165% higher than this company's loan of $25,000.
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