PPP Loan Data — Skate Station Of Sumter, LLC, Sumter, SC
Skate Station Of Sumter, LLC is a limited liability company (LLC) located at 45 Old Manning Road in Sumter, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Skate Station Of Sumter, LLC in Sumter, SC received a Paycheck Protection Loan of $46,400 through First-Citizens Bank & Trust Company, 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, Skate Station Of Sumter, LLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $13,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skate Station Of Sumter, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Skate Station Of Sumter, LLC in Sumter, SC
45 Old Manning Road
Sumter, SC 29150
All Other Amusement and Recreation Industries
NAICS code 713990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Sumter
In the Sumter area, 3 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 16) and received an average PPP loan of $19,928 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Howie Austin III
Industry PPP Comparison Statistics
Nationwide, 26,511 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $1.46B 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 12 employees, 25% lower than Skate Station Of Sumter, LLC's reported 16 employees, and received an average PPP loan of $55,179, 19% higher than this company's loan of $46,400.
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Footnotes & Information
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