FederalPay.org
PPP Loan Data — Technivest Trading LLC,
Greenville, SC
Technivest Trading LLC
Entity: Limited Liability Company (LLC)
Industry: Insurance Agencies and Brokerages
Location: Greenville, SC
Tweet This
•
Search All PPP Data
Technivest Trading LLC is a limited liability company (LLC) located in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $32,990.00 in February, 2021.
$
PPP Loan Information
Loan #3308508510
Loan Size:
Jobs Retained:
1Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
South State Bank, National AssociationTechnivest Trading LLC in Greenville, SC received a Paycheck Protection Loan of $32,990 through South State Bank, National Association, which was approved in February, 2021.
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 September, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Technivest Trading LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $32,988
- Utilities: $1
Business Information - Technivest Trading LLC in Greenville, SC
Greenville, SC
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Technivest Trading LLC.
Acquisition Management
Insurance Agencies and Brokerages
Similar Companies near Greenville
In the Greenville area, 42 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $43,289 (compared to this company's $32,990).
Similar Nearby Businesses Who Received PPP Funding:
Samouiecs Grove
Greenville, SC
Lauren Mitchell
Greenville, SC
Med-I-Care, LLC
Greenville, SC
Advanced Health Insurance Services Inc
Greenville, SC
Palmetto Health Pro, Inc
Greenville, SC
Mike Rude LLC
Greenville, SC
Benefits In A Card LLC
Greenville, SC
Acquisition Management
Greenville, SC
Industry PPP Comparison Statistics
Nationwide, 148,603 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.85B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 300% higher than Technivest Trading LLC's reported 1 employees, and received an average PPP loan of $39,368, 19% higher than this company's loan of $32,990.
Technivest Trading, LLC
Entity: Limited Liability Company (LLC)
Industry: Miscellaneous Financial Investment Activities
Location: Greenville, SC
Tweet This
•
Search All PPP Data
Technivest Trading, LLC is a limited liability company (LLC) located at 880 S Pleasantburg Drive, Suite 1-d in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $38,125.00 in April, 2020.
$
PPP Loan Information
Loan #8481507205
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
South State Bank, National AssociationTechnivest Trading, LLC in Greenville, SC received a Paycheck Protection Loan of $38,125 through South State Bank, National Association, which was approved in April, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Technivest Trading, LLC's 2019 payroll expenses are estimated to be at least $183,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $91,500 per employee1
Reported PPP Proceed Usage:
On the PPP application, Technivest Trading, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,125
Business Information - Technivest Trading, LLC in Greenville, SC
880 S Pleasantburg Drive, Suite 1-d
Greenville, SC 29607
Business Industry:
Miscellaneous Financial Investment Activities
NAICS code 523999
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Technivest Trading, LLC.
Acquisition Management Group, LLC
Miscellaneous Financial Investment Activities
Similar Companies near Greenville
In the Greenville area, 5 businesses in the "Miscellaneous Financial Investment Activities" 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 $34,627 (compared to this company's $38,125).
Similar Nearby Businesses Who Received PPP Funding:
Venturesouth Capital LLC
Greenville, SC
David Higgins
Greenville, SC
Acquisition Management Group, LLC
Greenville, SC
Industry PPP Comparison Statistics
Nationwide, 12,454 businesses in the "Miscellaneous Financial Investment Activities" industry received a total of $574.95M 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 3 employees, 50% higher than Technivest Trading, LLC's reported 2 employees, and received an average PPP loan of $46,166, 21% higher than this company's loan of $38,125.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!