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

PPP Loan Data — Andrew W. Cross, Hoover, AL

ALERT: There are 2 PPP loans for a total of $36,571 in our database for businesses with the name "Andrew W. Cross" in Hoover, AL. 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 Andrew W. Cross
AL

Andrew W. Cross

Entity: Independent Contractor

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Hoover, AL

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Andrew W. Cross is an independent contractor located in Hoover, Alabama that received a Coronavirus-related PPP loan from the SBA of $18,541.00 in February, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5515288409

Loan Size:

$18,541

Jobs Retained:

1

Loan Approved:

2021-02-08

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Andrew W. Cross in Hoover, AL received a Paycheck Protection Loan of $18,541 through Loan Source Incorporated, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Andrew W. Cross reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,541

Business Information - Andrew W. Cross in Hoover, AL

Andrew W. Cross
Hoover, AL
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Jefferson County, AL — SBA Office 0459 — Congressional District: AL-06

Similar Companies near Hoover

In the Hoover area, 10 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $15,225 (compared to this company's $18,541).

Industry PPP Comparison Statistics

Nationwide, 125,433 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B 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, 400% higher than Andrew W. Cross' reported 1 employees, and received an average PPP loan of $45,486, 145% higher than this company's loan of $18,541.

SBA PPP loan data, payroll data, and salaries for Andrew W Cross
AL

Andrew W Cross

Entity: Independent Contractor

Industry: Residential Remodelers

Location: Hoover, AL

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Andrew W Cross is an independent contractor located in Hoover, Alabama that received a Coronavirus-related PPP loan from the SBA of $18,030.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8954717210

Loan Size:

$18,030

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Trustmark National Bank

Andrew W Cross in Hoover, AL received a Paycheck Protection Loan of $18,030 through Trustmark National 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Andrew W Cross reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,030

Business Information - Andrew W Cross in Hoover, AL

Andrew W Cross
Hoover, AL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Remodelers
NAICS code 236118

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Jefferson County, AL — SBA Office 0459 — Congressional District: AL-06

Similar Companies near Hoover

In the Hoover area, 18 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $13,862 (compared to this company's $18,030).

Industry PPP Comparison Statistics

Nationwide, 166,608 businesses in the "Residential Remodelers" industry received a total of $5.16B 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 3 employees, 200% higher than Andrew W Cross' reported 1 employees, and received an average PPP loan of $30,994, 72% higher than this company's loan of $18,030.

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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Source: www.federalpay.org/paycheck-protection-program/andrew-w-cross-hoover-al