PPP Loan Data — U. S. National Whitewater Center, Inc, Charlotte, NC
U. S. National Whitewater Center, Inc
Entity: Non-profit Organization
Location: Charlotte, NCTweet This • Search All PPP Data
U. S. National Whitewater Center, Inc is a non-profit organization located at 5000 Whitewater Center Parkway in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,299,417.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
U. S. National Whitewater Center, Inc in Charlotte, NC received a Paycheck Protection Loan of $2.3M through South State Bank, National Association, 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, U. S. National Whitewater Center, Inc's 2019 payroll expenses are estimated to be at least $11.04M.
Based on their reported 362 jobs retained, this equals an estimated average yearly compensation of $30,490 per employee1
Reported PPP Proceed Usage:
On the PPP application, U. S. National Whitewater Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,299,417
Business Information - U. S. National Whitewater Center, Inc in Charlotte, NC
5000 Whitewater Center Parkway
Charlotte, NC 28214
Recreational and Vacation Camps (except Campgrounds)
NAICS code 721214
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, 3,732 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a total of $563.63M 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 26 employees, 93% lower than U. S. National Whitewater Center, Inc's reported 362 employees, and received an average PPP loan of $151,027, 93% lower than this company's loan of $2.3M.
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Footnotes & Information
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