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PPP Loan Data — Hahn & Clay Holdings Company, Houston, TX

ALERT: There are 2 PPP loans for a total of $3.78M in our database for businesses with the name "Hahn & Clay Holdings Company" in Houston, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hahn & Clay Holdings Company
TX

Hahn & Clay Holdings Company

Entity: Corporation

Industry: Plate Work Manufacturing

Location: Houston, TX

Search All PPP Data

Hahn & Clay Holdings Company is a corporation located at 5100 Clinton Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,983,183.00 in January, 2021.

The company has reported itself as a female owned business, and employed at least 88 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3016228300

Loan Size:

$1.98M

Jobs Retained:

88

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Pioneer Bank, SSB
Likely Employment Reduction3

Hahn & Clay Holdings Company in Houston, TX received a Paycheck Protection Loan of $1.98M through Pioneer Bank, SSB, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 88 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 95. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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 More
Understanding 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 More

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, Hahn & Clay Holdings Company's 2019 payroll expenses are estimated to be at least $9.52M (not accounting for salary amounts > $100k).

Because the 88 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Hahn & Clay Holdings Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,983,179
  • Utilities: $1

Business Information - Hahn & Clay Holdings Company in Houston, TX

Hahn & Clay Holdings Company
5100 Clinton Dr
Houston, TX 77020

Business Industry:
Plate Work Manufacturing
NAICS code 332313

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-18

Similar Companies near Houston

In the Houston area, 2 businesses in the "Plate Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 88) and received an average PPP loan of $1,237,239 (compared to this company's $1.98M).

Similar Nearby Businesses Who Received PPP Funding:

Walkup Company
Houston, TX

$491,295 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,977 businesses in the "Plate Work Manufacturing" industry received a total of $448.9M 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 20 employees, 77% lower than Hahn & Clay Holdings Company's reported 88 employees, and received an average PPP loan of $227,061, 89% lower than this company's loan of $1.98M.

SBA PPP loan data, payroll data, and salaries for Hahn & Clay Holdings Company
TX

Hahn & Clay Holdings Company

Entity: Corporation

Industry: Metal Window and Door Manufacturing

Location: Houston, TX

Search All PPP Data

Hahn & Clay Holdings Company is a corporation located at 5100 Clinton Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,797,600.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 91 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6715747005

Loan Size:

$1.8M

Jobs Retained:

91

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Pioneer Bank, SSB

Hahn & Clay Holdings Company in Houston, TX received a Paycheck Protection Loan of $1.8M through Pioneer Bank, SSB, 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

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 More
Understanding 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 More

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, Hahn & Clay Holdings Company's 2019 payroll expenses are estimated to be at least $8.63M.

Based on their reported 91 jobs retained, this equals an estimated average yearly compensation of $94,818 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hahn & Clay Holdings Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,797,600

Business Information - Hahn & Clay Holdings Company in Houston, TX

Hahn & Clay Holdings Company
5100 Clinton Dr
Houston, TX 77020

Business Industry:
Metal Window and Door Manufacturing
NAICS code 332321

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-18

Similar Companies near Houston

In the Houston area, 2 businesses in the "Metal Window and Door Manufacturing" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 91) and received an average PPP loan of $903,397 (compared to this company's $1.8M).

Similar Nearby Businesses Who Received PPP Funding:

Damion Desvigne
Houston, TX

$9,193 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,499 businesses in the "Metal Window and Door Manufacturing" industry received a total of $362.52M 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 23 employees, 75% lower than Hahn & Clay Holdings Company's reported 91 employees, and received an average PPP loan of $241,838, 87% lower than this company's loan of $1.8M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/hahn-clay-holdings-company-houston-tx