PPP Loan Data — RTW Contracting LLC, Summerville, SC
RTW Contracting LLC
Entity: Limited Liability Company (LLC)
Location: Summerville, SCTweet This • Search All PPP Data
RTW Contracting LLC is a limited liability company (LLC) located at 304 Forest Cir in Summerville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South Carolina FCU
RTW Contracting LLC in Summerville, SC received a Paycheck Protection Loan of $46,100 through South Carolina FCU, 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, RTW Contracting LLC's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, RTW Contracting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - RTW Contracting LLC in Summerville, SC
304 Forest Cir
Summerville, SC 29483
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Summerville
In the Summerville area, 3 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $56,352 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
Allblue Home Services, LLC
Code 3 Fire Protection Inc
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, 75% higher than RTW Contracting LLC's reported 4 employees, and received an average PPP loan of $77,238, 68% higher than this company's loan of $46,100.
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Footnotes & Information
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