PPP Loan Data — Hadfield Management Services, LLC, Millville, UT
Hadfield Management Services, LLC is a limited liability company (LLC) located at 97 West 300 South in Millville, Utah that received a Coronavirus-related PPP loan from the SBA of $25,299.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cache Valley Bank
Hadfield Management Services, LLC in Millville, UT received a Paycheck Protection Loan of $25,299 through Cache Valley 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 March, 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, Hadfield Management Services, LLC's 2019 payroll expenses are estimated to be at least $121,435.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,718 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hadfield Management Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,299
Business Information - Hadfield Management Services, LLC in Millville, UT
97 West 300 South
Millville, UT 84326
Other Management Consulting Services
NAICS code 541618
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: N
Rural / Urban: Urban
Similar Companies near Millville
In the Millville area, 2 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $19,575 (compared to this company's $25,299).
Similar Nearby Businesses Who Received PPP Funding:
Line Design Mgmt, LLC
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 100% higher than Hadfield Management Services, LLC's reported 2 employees, and received an average PPP loan of $44,524, 76% higher than this company's loan of $25,299.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!