PPP Loan Data — Tidal Creek Builders Inc, Daniel Island, SC
Tidal Creek Builders Inc is a subchapter s corporation located at 186 Seven Farms Drive Ste 382 in Daniel Island, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Tidal Creek Builders Inc in Daniel Island, SC received a Paycheck Protection Loan of $46,200 through First-Citizens Bank & Trust Company, 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 May, 2021.
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, Tidal Creek Builders Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tidal Creek Builders Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Tidal Creek Builders Inc in Daniel Island, SC
186 Seven Farms Drive Ste 382
Daniel Island, SC 29492
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Daniel Island
In the Daniel Island area, 5 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $84,848 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Master Home Builder LLC
Brilex Custom Homes LLC
Structures Building Company
Daniel Island, SC
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B 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 7 employees, 133% higher than Tidal Creek Builders Inc's reported 3 employees, and received an average PPP loan of $76,411, 65% higher than this company's loan of $46,200.
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Footnotes & Information
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