PPP Loan Data — Harrell And Hall Enterprises, Inc, Alabaster, AL
Harrell And Hall Enterprises, Inc is a corporation located at 43 Airpark Court in Alabaster, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,077,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Harrell And Hall Enterprises, Inc in Alabaster, AL received a Paycheck Protection Loan of $2.08M through ServisFirst Bank, 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, Harrell And Hall Enterprises, Inc's 2019 payroll expenses are estimated to be at least $9.97M.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $42,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harrell And Hall Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,650,000
- Utilities: $101,300
- Rent: $245,700
- Debt Interest: $80,000
Business Information - Harrell And Hall Enterprises, Inc in Alabaster, AL
43 Airpark Court
Alabaster, AL 35007
Automotive Parts and Accessories Stores
NAICS code 441310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 17,983 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $1.2B 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 8 employees, 97% lower than Harrell And Hall Enterprises, Inc's reported 237 employees, and received an average PPP loan of $66,454, 97% lower than this company's loan of $2.08M.
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Footnotes & Information
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