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PPP Loan Data — CHF Industries, Inc, Charlotte, NC

SBA PPP loan data, payroll data, and salaries for CHF Industries, Inc

CHF Industries, Inc

Entity: Corporation

Industry: All Other Miscellaneous Manufacturing

Location: Charlotte, NC

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CHF Industries, Inc is a corporation located at 8701 Red Oak Boulevard in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,687,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




CHF Industries, Inc in Charlotte, NC received a Paycheck Protection Loan of $2.69M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, CHF Industries, Inc's total 2019 payroll expenses were approximately $12.9M in order to qualify for the PPP loan amount received.

Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $55,844 per employee1.

Because the loan received by CHF Industries, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - CHF Industries, Inc in Charlotte, NC

CHF Industries, Inc
8701 Red Oak Boulevard
Charlotte, NC 28217

Business Industry

All Other Miscellaneous Manufacturing (NAICS code 339999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 4 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 231) and received an average PPP loan of $713,825 (compared to this company's $2.69M).

Industry PPP Comparison Statistics

Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 95% lower than CHF Industries, Inc's reported 231 employees, and received an average PPP loan of $147,822, 94% lower than this company's loan of $2.69M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By - The Civil Employee's Resource **