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PPP Loan Data — Foxhire LLC,
Canton, OH
Foxhire LLC
Entity: Limited Liability Company (LLC)
Industry: Human Resources Consulting Services
Location: Canton, OH
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Foxhire LLC is a limited liability company (LLC) located at 4883 Dressler Rd Nw Ste 101 in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least 298 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6718508310
Loan Size:
Jobs Retained:
298Loan Approved:
2021-01-27Loan Status:
Paid in Full or ForgivenLender:
Consumers National BankFoxhire LLC in Canton, OH received a Paycheck Protection Loan of $2M through Consumers National Bank, which was approved in January, 2021.
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 October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Foxhire LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $32,215 per employee1
Reported PPP Proceed Usage:
On the PPP application, Foxhire LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Foxhire LLC in Canton, OH
4883 Dressler Rd Nw Ste 101
Canton, OH 44718
Business Industry:
Human Resources Consulting Services
NAICS code 541612
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Canton
In the Canton area, 2 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 298) and received an average PPP loan of $1,149,700 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Scitrain, LTD
Canton, OH
Industry PPP Comparison Statistics
Nationwide, 10,208 businesses in the "Human Resources Consulting Services" industry received a total of $833.87M 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 7 employees, 98% lower than Foxhire LLC's reported 298 employees, and received an average PPP loan of $81,688, 96% lower than this company's loan of $2M.
Foxhire, LLC
Entity: Limited Liability Company (LLC)
Industry: Unclassified Establishments
Location: Canton, OH
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Foxhire, LLC is a limited liability company (LLC) located at 4883 Dressler Rd Nw Suite 101 in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,523,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5057067005
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
Consumers National BankFoxhire, LLC in Canton, OH received a Paycheck Protection Loan of $3.52M through Consumers 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Foxhire, LLC's 2019 payroll expenses are estimated to be at least $16.91M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $67,642 per employee1
Reported PPP Proceed Usage:
On the PPP application, Foxhire, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,523,000
Business Information - Foxhire, LLC in Canton, OH
4883 Dressler Rd Nw Suite 101
Canton, OH 44718
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Canton
In the Canton area, 8 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 250) and received an average PPP loan of $459,080 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
D R Kshreya Inc
Canton, OH
Shiv & Dev LLC
Canton, OH
Selene Stone, LLC
Canton, OH
Roaming Gnomes Inc
Canton, OH
Karin Lynne Roach LLC
Canton, OH
Brown 128 LLC
Canton, OH
Cat Math LLC
Canton, OH
Industry PPP Comparison Statistics
Nationwide, 85,535 businesses in the "Unclassified Establishments" industry received a total of $3.66B 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, 96% lower than Foxhire, LLC's reported 250 employees, and received an average PPP loan of $42,802, 99% lower than this company's loan of $3.52M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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