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

PPP Loan Data — Wings & Ale Inc, Columbia, SC

ALERT: There are 2 PPP loans for a total of $550,272 in our database for businesses with the name "Wings & Ale Inc" in Columbia, SC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Wings & Ale Inc
SC

Wings & Ale Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Columbia, SC

Search All PPP Data

Wings & Ale Inc is a corporation located at 125 Outlet Pointe Blvd in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $320,992.00 in January, 2021.

$ PPP Loan Information
Loan #8154168307

Loan Size:

$320,992

Jobs Retained:

43

Loan Approved:

2021-01-29

Loan Status:

Paid in Full or Forgiven

Lender:

First Community Bank

Wings & Ale Inc in Columbia, SC received a Paycheck Protection Loan of $320,992 through First Community Bank, which was approved in January, 2021.

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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Wings & Ale Inc's 2019 payroll expenses are estimated to be at least $1.54M.

Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $35,832 per employee1

Reported PPP Proceed Usage:

On the PPP application, Wings & Ale Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $320,992

Business Information - Wings & Ale Inc in Columbia, SC

Wings & Ale Inc
125 Outlet Pointe Blvd
Columbia, SC 29210

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lexington County, SC — SBA Office 0464 — Congressional District: SC-02

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Wings & Ale Inc.

Roper Personnel Services Inc
Employment Placement Agencies

$3.8M PPP Loan

Similar Companies near Columbia

In the Columbia area, 25 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 43) and received an average PPP loan of $74,704 (compared to this company's $320,992).

Industry PPP Comparison Statistics

Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 49% lower than Wings & Ale Inc's reported 43 employees, and received an average PPP loan of $130,221, 59% lower than this company's loan of $320,992.

SBA PPP loan data, payroll data, and salaries for Wings & Ale, Inc
SC

Wings & Ale, Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Columbia, SC

Search All PPP Data

Wings & Ale, Inc is a corporation located at 125 Outlet Point Blvd in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $229,280.00 in May, 2020.

$ PPP Loan Information
Loan #8365827308

Loan Size:

$229,280

Jobs Retained:

43

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

First Community Bank

Wings & Ale, Inc in Columbia, SC received a Paycheck Protection Loan of $229,280 through First Community Bank, which was approved in May, 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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Wings & Ale, Inc's 2019 payroll expenses are estimated to be at least $1.1M.

Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $25,594 per employee1

Reported PPP Proceed Usage:

On the PPP application, Wings & Ale, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $229,280

Business Information - Wings & Ale, Inc in Columbia, SC

Wings & Ale, Inc
125 Outlet Point Blvd
Columbia, SC 29210

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Richland County, SC — SBA Office 0464 — Congressional District: SC-06

Similar Companies near Columbia

In the Columbia area, 25 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 43) and received an average PPP loan of $74,704 (compared to this company's $229,280).

Industry PPP Comparison Statistics

Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 49% lower than Wings & Ale, Inc's reported 43 employees, and received an average PPP loan of $130,221, 43% lower than this company's loan of $229,280.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/wings-ale-inc-columbia-sc