PPP Loan Data — Hallmark Stone Acquisition LLC, Fenton, MO
Hallmark Stone Acquisition LLC is a limited liability company (LLC) located at 2202 Cassens Dr in Fenton, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,655,660.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 155 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hallmark Stone Acquisition LLC in Fenton, MO received a Paycheck Protection Loan of $1.66M through Triad 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, Hallmark Stone Acquisition LLC's 2019 payroll expenses are estimated to be at least $7.95M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $51,272 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hallmark Stone Acquisition LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,655,660
Business Information - Hallmark Stone Acquisition LLC in Fenton, MO
2202 Cassens Dr
Fenton, MO 63026
Other Building Finishing Contractors
NAICS code 238390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fenton
In the Fenton area, 8 businesses in the "Other Building Finishing Contractors" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 155) and received an average PPP loan of $329,620 (compared to this company's $1.66M).
Similar Nearby Businesses Who Received PPP Funding:
Midwest Building Technologies, LLC
RS Christian Contracting, Inc
Gateway Closet Factory Inc
Friend Acoustical Ceiling Inc
B Flash, LLC
Cedar Treatment Services LLC
Sewards Construction Inc
Industry PPP Comparison Statistics
Nationwide, 15,379 businesses in the "Other Building Finishing Contractors" industry received a total of $1.27B 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 8 employees, 95% lower than Hallmark Stone Acquisition LLC's reported 155 employees, and received an average PPP loan of $82,449, 95% lower than this company's loan of $1.66M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!