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PPP Loan Data — VDV Management Company LLC, Charleston, SC

SBA PPP loan data, payroll data, and salaries for VDV Management Company LLC
SC

VDV Management Company LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Manufacturing

Location: Charleston, SC

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VDV Management Company LLC is a limited liability company (LLC) located at 126 Seven Farms Dr. Ste 110 in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $3,030,200.00 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:

$3.03M

Jobs Retained:

466

Loan Approved:

2020-04-07

Lender:

UNITED COMMUNITY BANK

VDV Management Company LLC in Charleston, SC received a Paycheck Protection Loan of $3.03M through UNITED COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, VDV Management Company LLC's total 2019 payroll expenses were approximately $14.54M 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 $31,212 per employee1.

Because the loan received by VDV Management Company LLC 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 - VDV Management Company LLC in Charleston, SC

VDV Management Company LLC
126 Seven Farms Dr. Ste 110
Charleston, SC 29492

Business Industry

All Other Miscellaneous Manufacturing (NAICS code 339999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: SC-01

Similar Companies near Charleston

In the Charleston area, 4 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 204 employees (compared to this company's 466) and received an average PPP loan of $1,871,406 (compared to this company's $3.03M).

Industry PPP Comparison Statistics

Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 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 12 employees, 97% lower than VDV Management Company LLC's reported 466 employees, and received an average PPP loan of $147,822, 95% lower than this company's loan of $3.03M.

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.

Search FederalPay's Full PPP Loan Database

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/vdv-management-company-llc-charleston-sc