How many businesses in South Carolina received a PPP loan of $25,000 or under?

By Palmetto State News

Nov 2, 2022

There were 49,823 small businesses in South Carolina which received Paycheck Protection Loans (PPP) of $25,000 or under. These 49,823 businesses received $632,048,922 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 176 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Power Testing Solutions.

The average loan amount provided to South Carolina small businesses was $56,294.

One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.

Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.

Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.

A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.

Top 100 South Carolina Businesses Which Received PPP Loans $25,000 or Lower

Borrower Name	Loan Amount	Difference From Average Loan Amount in SC
Power Testing Solutions	$25,000	-$31,294
Patrick R. Breaux, P. A., D.D.S.	$25,000	-$31,294
Winds of Change, LLC	$25,000	-$31,294
Great Oak Aiken Therapeutic Riding Center	$25,000	-$31,294
Top Shelf Enterprise, LLC	$25,000	-$31,294
Magnolia Forest Resources, Inc.	$25,000	-$31,294
Kaplan and Kaplan, Inc.	$25,000	-$31,294
Building Blocks Preschool & Childcare Center, Inc.	$25,000	-$31,294
DP Fitness School #1, Inc.	$25,000	-$31,294
DP Fitness School #1, Inc.	$25,000	-$31,294
Resource Department, LLC	$25,000	-$31,294
The Freeman Agency, Inc.	$25,000	-$31,294
Fowler Media Consulting, LLC	$25,000	-$31,294
M&D Tavern, LLC	$25,000	-$31,294
Pop in, LLC	$25,000	-$31,294
Superior Plumbing Services, LLC	$25,000	-$31,294
Superior Plumbing Services, LLC	$25,000	-$31,294
Escape Artist, LLC	$25,000	-$31,294
Trademark Publishing, Inc.	$25,000	-$31,294
Jackies Tailoring & Alterations	$25,000	-$31,294
Miracle Nails	$25,000	-$31,294
Support for Superstars Nonprofit	$25,000	-$31,294
DP Fitness School #1, Inc.	$25,000	-$31,294
DP Fitness School #1, Inc.	$25,000	-$31,294
Real Time Builders	$25,000	-$31,294
Cityvolve, LLC	$25,000	-$31,294
Tassa, Inc.	$25,000	-$31,294
Nailed It Franchising, LLC	$25,000	-$31,294
Quinque, LLC	$25,000	-$31,294
Little Learners Academy	$25,000	-$31,294
Little Learners Academy	$25,000	-$31,294
Little Learners Academy	$25,000	-$31,294
Siddhi Vinayak Corporation	$25,000	-$31,294
Educated Systems	$25,000	-$31,294
Saint Ceril	$25,000	-$31,294
Hoffman and Hoffman	$25,000	-$31,294
Fatz Fish to Go	$25,000	-$31,294
The Seward Agency, LLC	$25,000	-$31,294
Noisy Wings	$25,000	-$31,294
Hub City Delivery, LLC	$25,000	-$31,294
At Home Carolina, LLC	$25,000	-$31,294
Turney Trucking	$25,000	-$31,294
NMB Accounting and Tax Service	$25,000	-$31,294
Entrata Solutions, LLC	$25,000	-$31,294
Dana International, Inc.	$25,000	-$31,294
Dana International, Inc.	$25,000	-$31,294
Hines Group, Inc.	$25,000	-$31,294
Laxush Hospitality, LLC	$25,000	-$31,294
AQP Consulting	$25,000	-$31,294
AQP Consulting	$25,000	-$31,294
Vogue Nails and Spa by H&M, LLC	$25,000	-$31,294
Green Materials and Logistics, Inc.	$25,000	-$31,294
Cygnus Polymers, LLC	$25,000	-$31,294
Upstate Imaging Specialists PA	$25,000	-$31,294
Karz for Less, Inc.	$25,000	-$31,294
DN Engineering, Inc.	$25,000	-$31,294
Imcare, PC	$25,000	-$31,294
Heathcliff Jeweler's, Inc.	$25,000	-$31,294
Midnight Blue, LLC	$25,000	-$31,294
Belvedere Early Learning Cente	$25,000	-$31,294
J & M Logistics	$25,000	-$31,294
Norrona, LLC	$25,000	-$31,294
Intrepreneurs, Inc.	$25,000	-$31,294
Superior Grounds, LLC	$25,000	-$31,294
Stearns Tennis Program, Inc.	$25,000	-$31,294
Carolina Transit of the Low Country	$25,000	-$31,294
Sales Scope, LLC	$25,000	-$31,294
Fortis, LLC	$25,000	-$31,294
K & N Services	$25,000	-$31,294
Novus Capstone, LLC	$25,000	-$31,294
Donald M Schreiber LLC M.D.	$25,000	-$31,294
Cityview Builders & Services, Inc.	$25,000	-$31,294
Blue Water Helicopter Services, LLC	$25,000	-$31,294
Blue Water Helicopter Services, LLC	$25,000	-$31,294
Winds of Change, LLC	$25,000	-$31,294
Second State Hustle, LLC	$25,000	-$31,294
Palmer's Construction Services	$25,000	-$31,294
Goodstein Law Firm	$25,000	-$31,294
DE Vreese Engineering & Consulting	$25,000	-$31,294
Huber Supply Company, Inc.	$25,000	-$31,294
H. F. Framing, LLC	$25,000	-$31,294
Green Materials and Logistics, Inc.	$25,000	-$31,294
K. Sawyer Company, LLC	$25,000	-$31,294
Spam Group, LLC	$25,000	-$31,294
North South Property Advisors Group, LLC	$25,000	-$31,294
Eller Woodworks	$25,000	-$31,294
Berbank and Company, LLC	$25,000	-$31,294
Belvedere Early Learning Center	$25,000	-$31,294
Squires Brothers Farms PTR	$25,000	-$31,294
Moore Tax Service & Financial Group	$25,000	-$31,294
Patriot Brothers, LLC	$25,000	-$31,294
Restaurant Management Associates	$25,000	-$31,294
Shri Hari 2020, Inc.	$25,000	-$31,294
The Homeplace, Inc.	$25,000	-$31,294
Low Country Moving Specialists, LLC	$25,000	-$31,294
Seabrook Business Council	$25,000	-$31,294
Petunia Investments, LLC	$25,000	-$31,294
Richberg Family Farms, LLC	$25,000	-$31,294
Sutherland Supply Company, LLC	$25,000	-$31,294
LNX Records and Entertainment/Investments	$25,000	-$31,294