PPP Loan Data — Z R Charleston LLC, Charleston, SC
Z R Charleston LLC is a limited liability company (LLC) located at 450 Deanna Ln Ste C in Charleston, South Carolina that received a Coronavirus-related PPP loan from the SBA of $24,995.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Z R Charleston LLC in Charleston, SC received a Paycheck Protection Loan of $24,995 through Synovus Bank, which was approved in April, 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 May, 2021.
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, Z R Charleston LLC's 2019 payroll expenses are estimated to be at least $119,976.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,992 per employee1
Reported PPP Proceed Usage:
On the PPP application, Z R Charleston LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
Business Information - Z R Charleston LLC in Charleston, SC
450 Deanna Ln Ste C
Charleston, SC 29492
Carpet and Upholstery Cleaning Services
NAICS code 561740
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 26,933 businesses in the "Carpet and Upholstery Cleaning Services" industry received a total of $681.26M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, the same amount reported by Z R Charleston LLC and received an average PPP loan of $25,295, 1% higher than this company's loan of $24,995.
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Footnotes & Information
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