PPP Loan Data — The Benefit Company, Inc, Columbia, SC
The Benefit Company, Inc is a subchapter s corporation located at 3800 Fernandina Road Suite 200 in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,556,872.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Business Development Corporation of South Carolina
The Benefit Company, Inc in Columbia, SC received a Paycheck Protection Loan of $1.56M through Business Development Corporation of South Carolina, 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, The Benefit Company, Inc's 2019 payroll expenses are estimated to be at least $7.47M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $71,856 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Benefit Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,556,872
Business Information - The Benefit Company, Inc in Columbia, SC
3800 Fernandina Road Suite 200
Columbia, SC 29210
Health and Welfare Funds
NAICS code 525120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 575 businesses in the "Health and Welfare Funds" industry received a total of $91.28M 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 13 employees, 88% lower than The Benefit Company, Inc's reported 104 employees, and received an average PPP loan of $158,749, 90% lower than this company's loan of $1.56M.
FederalPay's PPP Information Policy
Footnotes & Information
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