PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Velux Greenwood LLC, Greenwood, SC

SBA PPP loan data, payroll data, and salaries for Velux Greenwood LLC
SC

Velux Greenwood LLC

Entity: Limited Liability Company (LLC)

Industry: Wood Window and Door Manufacturing

Location: Greenwood, SC

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Velux Greenwood 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 $3,940,625.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.94M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-11

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Velux Greenwood LLC in Greenwood, SC received a Paycheck Protection Loan of $3.94M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Velux Greenwood LLC's total 2019 payroll expenses were approximately $18.92M in order to qualify for the PPP loan amount received.

Unlike most businesses, Velux Greenwood 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 Greenwood 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 Greenwood LLC in Greenwood, SC

Velux Greenwood LLC
450 Old Brickyard Road
Greenwood, SC 29648

Business Industry

Wood Window and Door Manufacturing (NAICS code 321911)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SC-03

Industry PPP Comparison Statistics

Nationwide, 835 businesses in the "Wood Window and Door Manufacturing" industry received a total of $208,369,506.00 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 19 employees, and received an average PPP loan of $249,544, 94% lower than this company's loan of $3.94M.

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.

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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/velux-greenwood-llc-greenwood-sc