PPP Loan Data — Chhj Franchising LLC, Tampa, FL
Chhj Franchising LLC is a limited liability company (LLC) located at 4411 W Tampa Bay Blvd in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $1,758,703.00 in April, 2020. This business is a College Hunks Hauling Junk franchise.
The company has reported itself as a White male owned business, and employed at least 176 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Valley National Bank
Chhj Franchising LLC in Tampa, FL received a Paycheck Protection Loan of $1.76M through Valley 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 January, 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, Chhj Franchising LLC's 2019 payroll expenses are estimated to be at least $8.44M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $47,965 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chhj Franchising LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,758,703
Business Information - Chhj Franchising LLC in Tampa, FL
4411 W Tampa Bay Blvd
Tampa, FL 33614
Used Household and Office Goods Moving
NAICS code 484210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 15 businesses in the "Used Household and Office Goods Moving" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 176) and received an average PPP loan of $151,257 (compared to this company's $1.76M).
Similar Nearby Businesses Who Received PPP Funding:
Pro Movers Express LLC
Dailyn Palacios Gutierrez
Yoel Fines Verdecia
Transportation Assist LLC
Town 'n' Country, FL
HSM Scope LLC
Chhj New Jersey, LLC
Industry PPP Comparison Statistics
Nationwide, 11,089 businesses in the "Used Household and Office Goods Moving" industry received a total of $902.36M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 94% lower than Chhj Franchising LLC's reported 176 employees, and received an average PPP loan of $81,374, 95% lower than this company's loan of $1.76M.
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Footnotes & Information
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