PPP Loan Data — Hans Hansen Construction, LLC, Lubbock, TX
Hans Hansen Construction, LLC
Entity: Subchapter S Corporation
Location: Lubbock, TXTweet This • Search All PPP Data
Hans Hansen Construction, LLC is a subchapter s corporation located at 4706 22nd Street in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hans Hansen Construction, LLC in Lubbock, TX received a Paycheck Protection Loan of $25,000 through Primis Bank, which was approved in May, 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 June, 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, Hans Hansen Construction, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hans Hansen Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Hans Hansen Construction, LLC in Lubbock, TX
4706 22nd Street
Lubbock, TX 79407
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lubbock
In the Lubbock area, 6 businesses in the "Commercial and Institutional Building Construction" 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 $23,472 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bradley T Neudorf
Be Amazing Construction, Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 300% higher than Hans Hansen Construction, LLC's reported 3 employees, and received an average PPP loan of $157,325, 529% higher than this company's loan of $25,000.
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Footnotes & Information
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