PPP Loan Data — Hansen Walker Holdings, LLC, Gladstone, MI
Hansen Walker Holdings, LLC is a limited liability company (LLC) located at 317 Delta Ave in Gladstone, Michigan that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hansen Walker Holdings, LLC in Gladstone, MI received a Paycheck Protection Loan of $46,100 through mBank, 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 December, 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, Hansen Walker Holdings, LLC's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,611 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hansen Walker Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,575
- Utilities: $11,525
Business Information - Hansen Walker Holdings, LLC in Gladstone, MI
317 Delta Ave
Gladstone, MI 49837
Burial Casket Manufacturing
NAICS code 339995
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 133 businesses in the "Burial Casket Manufacturing" industry received a total of $17.16M 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 16 employees, 129% higher than Hansen Walker Holdings, LLC's reported 7 employees, and received an average PPP loan of $129,014, 180% higher than this company's loan of $46,100.
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Footnotes & Information
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