PPP Loan Data — Wolf Construction LLC, Ridgeland, SC
Wolf Construction LLC
Location: Ridgeland, SCTweet This • Search All PPP Data
Wolf Construction LLC is a corporation located at 183 Graham Hall South, in Ridgeland, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Wolf Construction LLC in Ridgeland, SC received a Paycheck Protection Loan of $25,300 through Regions Bank, 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, Wolf Construction LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wolf Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Wolf Construction LLC in Ridgeland, SC
183 Graham Hall South,
Ridgeland, SC 29936
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Ridgeland
In the Ridgeland area, 12 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $64,307 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
HML Construction LLC
Beaufort Construction Of SC LLC
Port Royal, SC
Shoreline Construction And Development LLC
360 Heating And Air Co
D. Lowther Construction Co
Frank Fields III
Tuten Construction Services, LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Wolf Construction LLC's reported 2 employees, and received an average PPP loan of $45,182, 79% higher than this company's loan of $25,300.
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Footnotes & Information
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