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

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

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:

$2.69M

Jobs Retained:

231

Loan Approved:

2020-04-14

Lender:

REGIONS BANK

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.

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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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/chf-industries-inc-charlotte-nc