Velux America LLC in Greenwood, SC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Velux America LLC, Greenwood, SC

Velux America LLC

Entity: Limited Liability Company (LLC)

Industry: Other Construction Material Merchant Wholesalers

Location: Greenwood, SC

Velux America LLC is a limited liability company (LLC) located at 450 Old Brickyard Road in Greenwood, South Carolina that received a Coronavirus-related PPP loan from the SBA of $4,610,827.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.61M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Velux America LLC received a Paycheck Protection Loan of $4.61M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Velux America LLC's total 2019 payroll expenses were approximately $22.13M in order to qualify for the PPP loan amount received.

Unlike most businesses, Velux America LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Velux America 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 - Velux America LLC in Greenwood, SC

Velux America LLC
450 Old Brickyard Road
Greenwood, SC 29648

Business Industry

Other Construction Material Merchant Wholesalers (NAICS code 423390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-03

Industry PPP Comparison Statistics

Nationwide, 2,198 businesses in the "Other Construction Material Merchant Wholesalers" industry received a total of $354,432,196.00 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, and received an average PPP loan of $161,252, 97% lower than this company's loan of $4.61M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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