PPP Loan Data — DHO Inc, Chantilly, VA
DHO Inc is a subchapter s corporation located at 25260 Planting Field Dr in Chantilly, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,385.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
DHO Inc in Chantilly, VA received a Paycheck Protection Loan of $25,385 through Truist Bank d/b/a Branch Banking & Trust Co, 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 February, 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, DHO Inc's 2019 payroll expenses are estimated to be at least $121,848.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,407 per employee1
Reported PPP Proceed Usage:
On the PPP application, DHO Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,385
Business Information - DHO Inc in Chantilly, VA
25260 Planting Field Dr
Chantilly, VA 20152
All Other Specialty Food Stores
NAICS code 445299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chantilly
In the Chantilly area, 8 businesses in the "All Other Specialty Food Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $35,093 (compared to this company's $25,385).
Similar Nearby Businesses Who Received PPP Funding:
Habitat Foods Incorporated
Chin Jeong Jib Inc
Warsan Homeopathic LLC
South Riding, VA
Patel Food LLC
Industry PPP Comparison Statistics
Nationwide, 13,977 businesses in the "All Other Specialty Food Stores" industry received a total of $690.79M 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 11 employees, 57% higher than DHO Inc's reported 7 employees, and received an average PPP loan of $49,423, 95% higher than this company's loan of $25,385.
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Footnotes & Information
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