PPP Loan Data — Bill Hendrix Construction Co., Inc, Cullman, AL
Bill Hendrix Construction Co., Inc
Entity: Subchapter S Corporation
Location: Cullman, ALTweet This • Search All PPP Data
Bill Hendrix Construction Co., Inc is a subchapter s corporation located at 1421 County Road 469 in Cullman, Alabama that received a Coronavirus-related PPP loan from the SBA of $24,820.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank & Trust
Bill Hendrix Construction Co., Inc in Cullman, AL received a Paycheck Protection Loan of $24,820 through Citizens Bank & Trust, 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 April, 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, Bill Hendrix Construction Co., Inc's 2019 payroll expenses are estimated to be at least $119,136.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,784 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bill Hendrix Construction Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,820
Business Information - Bill Hendrix Construction Co., Inc in Cullman, AL
1421 County Road 469
Cullman, AL 35057
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Cullman
In the Cullman area, 17 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $27,806 (compared to this company's $24,820).
Similar Nearby Businesses Who Received PPP Funding:
Blackwood Construction Company, Inc
ARC Home Builders Inc
James A Blankenship
ARC Homebuilders Inc
Thomas Stanley Jr
Campbell Framing Inc
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, 25% higher than Bill Hendrix Construction Co., Inc's reported 4 employees, and received an average PPP loan of $45,182, 82% higher than this company's loan of $24,820.
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