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PPP Loan Data — The Greenery, Inc., Hilton Head Island, SC

SBA PPP loan data, payroll data, and salaries for The Greenery, Inc.
SC

The Greenery, Inc.

Entity: Subchapter S Corporation

Industry: Nursery, Garden Center, and Farm Supply Stores

Location: Hilton Head Island, SC

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The Greenery, Inc. is a subchapter s corporation located at 960 William Hilton Pkwy in Hilton Head Island, South Carolina that received a Coronavirus-related PPP loan from the SBA of $4,275,677.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 466 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.28M

Jobs Retained:

466

Loan Approved:

2020-04-11

Lender:

SOUTH STATE BANK, NATIONAL ASSOCIATION

The Greenery, Inc. in Hilton Head Island, SC received a Paycheck Protection Loan of $4.28M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Greenery, Inc.'s total 2019 payroll expenses were approximately $20.52M in order to qualify for the PPP loan amount received.

Based on their reported 466 jobs retained, this equals an estimated average yearly compensation of $44,041 per employee1.

Because the loan received by The Greenery, 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 - The Greenery, Inc. in Hilton Head Island, SC

The Greenery, Inc.
960 William Hilton Pkwy
Hilton Head Island, SC 29928

Business Industry

Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: SC-01

Industry PPP Comparison Statistics

Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 97% lower than The Greenery, Inc.'s reported 466 employees, and received an average PPP loan of $111,445, 97% lower than this company's loan of $4.28M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-greenery-inc-hilton-head-island-sc