PPP Loan Data — Haxton Masonry, Inc, Yuma, AZ
Haxton Masonry, Inc is a subchapter s corporation located at 7138 E 29th Street in Yuma, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,036,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:1st Bank Yuma
Haxton Masonry, Inc in Yuma, AZ received a Paycheck Protection Loan of $2.04M through 1st Bank Yuma, 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 May, 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, Haxton Masonry, Inc's 2019 payroll expenses are estimated to be at least $9.77M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $71,859 per employee1
Reported PPP Proceed Usage:
On the PPP application, Haxton Masonry, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,036,000
Business Information - Haxton Masonry, Inc in Yuma, AZ
7138 E 29th Street
Yuma, AZ 85365
NAICS code 238140
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, 16,648 businesses in the "Masonry Contractors" industry received a total of $1.65B 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 9 employees, 93% lower than Haxton Masonry, Inc's reported 136 employees, and received an average PPP loan of $99,369, 95% lower than this company's loan of $2.04M.
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Footnotes & Information
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