PPP Loan Data — Hantzmon Wiebel, LLP, Charlottesville, VA
Hantzmon Wiebel, LLP is a limited liability partnership located at 818 E Jefferson Street in Charlottesville, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,555,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Virginia National Bank
Hantzmon Wiebel, LLP in Charlottesville, VA received a Paycheck Protection Loan of $1.56M through Virginia National Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Hantzmon Wiebel, LLP's 2019 payroll expenses are estimated to be at least $7.47M.
Based on their reported 78 jobs retained, this equals an estimated average yearly compensation of $95,711 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hantzmon Wiebel, LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,555,300
Business Information - Hantzmon Wiebel, LLP in Charlottesville, VA
818 E Jefferson Street
Charlottesville, VA 22902
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlottesville
In the Charlottesville area, 23 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 78) and received an average PPP loan of $157,762 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Robinson, Farmer, Cox Associates, A Professional Limited Lia
Smith Going & Associates
David Way & Company, Plc
Hampton & Everett PC
Smith & Smith LLC Certified Public Accountants
Roy L Cress CPA Inc
Hostetler Stott Plc
Lewis Martin IV Inc
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 92% lower than Hantzmon Wiebel, LLP's reported 78 employees, and received an average PPP loan of $73,772, 95% lower than this company's loan of $1.56M.
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Footnotes & Information
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