PPP Loan Data — Theyahnis Company, Florence, SC
Location: Florence, SCTweet This • Search All PPP Data
Theyahnis Company is a corporation located at 1517 Schlitz Dr in Florence, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,746,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Theyahnis Company in Florence, SC received a Paycheck Protection Loan of $1.75M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Theyahnis Company's 2019 payroll expenses are estimated to be at least $8.38M.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $49,321 per employee1
Reported PPP Proceed Usage:
On the PPP application, Theyahnis Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,746,800
Business Information - Theyahnis Company in Florence, SC
1517 Schlitz Dr
Florence, SC 29501
Wine and Distilled Alcoholic Beverage Merchant Wholesalers
NAICS code 424820
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,421 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $468.84M 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, 93% lower than Theyahnis Company's reported 170 employees, and received an average PPP loan of $137,047, 92% lower than this company's loan of $1.75M.
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Footnotes & Information
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