PPP Loan Data — Random Drug Screens, Columbia, SC
Random Drug Screens is a corporation located at 1345 Garner Ln Ste 303a in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,290.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Random Drug Screens in Columbia, SC received a Paycheck Protection Loan of $25,290 through Bank of America, National Association, which was approved in May, 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 February, 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, Random Drug Screens' 2019 payroll expenses are estimated to be at least $121,392.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,464 per employee1
Reported PPP Proceed Usage:
On the PPP application, Random Drug Screens reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,290
Business Information - Random Drug Screens in Columbia, SC
1345 Garner Ln Ste 303a
Columbia, SC 29210
NAICS code 541380
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia area, 3 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $41,057 (compared to this company's $25,290).
Similar Nearby Businesses Who Received PPP Funding:
Data Resources Inc
Industry PPP Comparison Statistics
Nationwide, 4,541 businesses in the "Testing Laboratories" industry received a total of $814.04M 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 16 employees, 433% higher than Random Drug Screens' reported 3 employees, and received an average PPP loan of $179,264, 609% higher than this company's loan of $25,290.
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Footnotes & Information
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