Sea Hunt Boat MFG Co, Inc in Columbia, SC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Sea Hunt Boat MFG Co, Inc, Columbia, SC

Sea Hunt Boat MFG Co, Inc

Entity: Subchapter S Corporation

Industry: Boat Building

Location: Columbia, SC

Sea Hunt Boat MFG Co, Inc is a subchapter s corporation located at 2348 Shop Rd in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,645,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.65M

Jobs Retained:

242

Loan Approved:

2020-04-07

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Sea Hunt Boat MFG Co, Inc received a Paycheck Protection Loan of $2.65M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sea Hunt Boat MFG Co, Inc's total 2019 payroll expenses were approximately $12.7M in order to qualify for the PPP loan amount received.

Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $52,477 per employee¹.

Because the loan received by Sea Hunt Boat MFG Co, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sea Hunt Boat MFG Co, Inc in Columbia, SC

Sea Hunt Boat MFG Co, Inc
2348 Shop Rd
Columbia, SC 29210

Business Industry

Boat Building (NAICS code 336612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-06

Industry PPP Comparison Statistics

Nationwide, 865 businesses in the "Boat Building" industry received a total of $229,475,071.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 90% lower than Sea Hunt Boat MFG Co, Inc's reported 242 employees, and received an average PPP loan of $265,289, 90% lower than this company's loan of $2.65M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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