PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hayes Holdings Inc, Hesperia, CA

ALERT: There are 2 PPP loans for a total of $3.53M in our database for businesses with the name "Hayes Holdings Inc" in Hesperia, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hayes Holdings Inc
CA

Hayes Holdings Inc

Entity: Corporation

Industry: Construction Machinery Manufacturing

Location: Hesperia, CA

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Hayes Holdings Inc is a corporation located at 11746 Mariposa Rd in Hesperia, California that received a Coronavirus-related PPP loan from the SBA of $1,767,252.00 in January, 2021.

$ PPP Loan Information
Loan #9681308308

Loan Size:

$1.77M

Jobs Retained:

124

Loan Approved:

2021-01-31

Loan Status:

Ongoing Loan

Lender:

American Business Bank

Hayes Holdings Inc in Hesperia, CA received a Paycheck Protection Loan of $1.77M through American Business Bank, which was approved in January, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Hayes Holdings Inc's 2019 payroll expenses are estimated to be at least $8.48M.

Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $68,410 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hayes Holdings Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,767,252

Business Information - Hayes Holdings Inc in Hesperia, CA

Hayes Holdings Inc
11746 Mariposa Rd
Hesperia, CA 92345

Business Industry:
Construction Machinery Manufacturing
NAICS code 333120

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

San Bernardino County, CA — SBA Office 0920 — Congressional District: CA-08

Industry PPP Comparison Statistics

Nationwide, 2,642 businesses in the "Construction Machinery Manufacturing" industry received a total of $361.62M 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 11 employees, 91% lower than Hayes Holdings Inc's reported 124 employees, and received an average PPP loan of $136,874, 92% lower than this company's loan of $1.77M.

SBA PPP loan data, payroll data, and salaries for Hayes Holdings, Inc
CA

Hayes Holdings, Inc

Entity: Corporation

Industry: Motor Vehicle Body Manufacturing

Location: Hesperia, CA

Search All PPP Data

Hayes Holdings, Inc is a corporation located at 11746 Mariposa Rd in Hesperia, California that received a Coronavirus-related PPP loan from the SBA of $1,767,252.00 in April, 2020.

$ PPP Loan Information
Loan #5038787003

Loan Size:

$1.77M

Jobs Retained:

140

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

American Business Bank

Hayes Holdings, Inc in Hesperia, CA received a Paycheck Protection Loan of $1.77M through American Business Bank, 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Hayes Holdings, Inc's 2019 payroll expenses are estimated to be at least $8.48M.

Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $60,592 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hayes Holdings, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,767,252

Business Information - Hayes Holdings, Inc in Hesperia, CA

Hayes Holdings, Inc
11746 Mariposa Rd
Hesperia, CA 92345

Business Industry:
Motor Vehicle Body Manufacturing
NAICS code 336211

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

San Bernardino County, CA — SBA Office 0920 — Congressional District: CA-08

Similar Companies near Hesperia

In the Hesperia area, 2 businesses in the "Motor Vehicle Body Manufacturing" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 140) and received an average PPP loan of $927,226 (compared to this company's $1.77M).

Similar Nearby Businesses Who Received PPP Funding:

Mckinley Welding Co. Inc
Hesperia, CA

$87,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 835 businesses in the "Motor Vehicle Body Manufacturing" industry received a total of $248.12M 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 28 employees, 80% lower than Hayes Holdings, Inc's reported 140 employees, and received an average PPP loan of $297,150, 83% lower than this company's loan of $1.77M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hayes-holdings-inc-hesperia-ca