PPP Loan Data — CHF Industries, Inc, Charlotte, NC
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
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.
Business Information - CHF Industries, Inc in Charlotte, NC
8701 Red Oak Boulevard
Charlotte, NC 28217
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Carolina Golfco Inc
Newhope Dental Lab
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.
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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