PPP Loan Data — Handyman Home Pros, LLC, Hurst, TX
Handyman Home Pros, LLC is a limited liability company (LLC) located at 1244 Karla Dr Ste 204 in Hurst, Texas that received a Coronavirus-related PPP loan from the SBA of $25,001.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Handyman Home Pros, LLC in Hurst, TX received a Paycheck Protection Loan of $25,001 through EECU, which was approved in April, 2020.
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, Handyman Home Pros, LLC's 2019 payroll expenses are estimated to be at least $120,005.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,002 per employee1
Reported PPP Proceed Usage:
On the PPP application, Handyman Home Pros, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,001
Business Information - Handyman Home Pros, LLC in Hurst, TX
1244 Karla Dr Ste 204
Hurst, TX 76053
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hurst
In the Hurst area, 29 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $25,695 (compared to this company's $25,001).
Similar Nearby Businesses Who Received PPP Funding:
Williams & Reid Ventures LLC
M&C Craftsmanship LLC
Mike Adventures LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by Handyman Home Pros, LLC and received an average PPP loan of $30,405, 22% higher than this company's loan of $25,001.
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Footnotes & Information
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