PPP Loan Data — AHF Industries Inc, French Lick, IN
AHF Industries Inc is a subchapter s corporation located at 8647 West State Road #56 in French Lick, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,777,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
AHF Industries Inc in French Lick, IN received a Paycheck Protection Loan of $1.78M through Truist Bank d/b/a Branch Banking & Trust Co, 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 June, 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, AHF Industries Inc's 2019 payroll expenses are estimated to be at least $8.53M.
Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $30,255 per employee1
Reported PPP Proceed Usage:
On the PPP application, AHF Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,777,500
Business Information - AHF Industries Inc in French Lick, IN
8647 West State Road #56
French Lick, IN 47432
Plastics Bottle Manufacturing
NAICS code 326160
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 160 businesses in the "Plastics Bottle Manufacturing" industry received a total of $50.83M 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 35 employees, 88% lower than AHF Industries Inc's reported 282 employees, and received an average PPP loan of $317,677, 82% lower than this company's loan of $1.78M.
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Footnotes & Information
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