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PPP Loan Data — The Blood Connection Inc.,
Piedmont, SC
The Blood Connection Inc.
Entity: Non-profit Organization
Industry: Civic and Social Organizations
Location: Piedmont, SC
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The Blood Connection Inc. is a non-profit organization located at 1099 Bracken Road in Piedmont, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,415,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
430Loan Approved:
2020-04-08Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COThe Blood Connection Inc. received a Paycheck Protection Loan of $3.42M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Blood Connection Inc.'s total 2019 payroll expenses were approximately $16.39M in order to qualify for the PPP loan amount received.
Based on their reported 430 jobs retained, this equals an estimated average yearly compensation of $38,124 per employee1.
Business Information - The Blood Connection Inc. in Piedmont, SC
1099 Bracken Road
Piedmont, SC 29673
Business Industry
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-04Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 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 16 employees, 96% lower than The Blood Connection Inc.'s reported 430 employees, and received an average PPP loan of $136,276, 96% lower than this company's loan of $3.42M.
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.
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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