PPP Loan Data — Hampton Auto Body, Paragould, AR
Hampton Auto Body
Entity: Sole Proprietorship
Location: Paragould, ARTweet This • Search All PPP Data
Hampton Auto Body is a sole proprietorship located at 482 Greene 721 Rd in Paragould, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hampton Auto Body in Paragould, AR received a Paycheck Protection Loan of $25,000 through Focus 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, Hampton Auto Body's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hampton Auto Body reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Hampton Auto Body in Paragould, AR
482 Greene 721 Rd
Paragould, AR 72450
Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code 811121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Paragould
In the Paragould area, 3 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $77,167 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Revision Collision Repair LLC
Freeman Body, Glass, Rental, Towing, And Sales, Inc
Industry PPP Comparison Statistics
Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B 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 6 employees, 50% higher than Hampton Auto Body's reported 4 employees, and received an average PPP loan of $60,493, 142% higher than this company's loan of $25,000.
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Footnotes & Information
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