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PPP Loan Data — HB Intermountain Holdings, LLC, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for HB Intermountain Holdings, LLC
UT

HB Intermountain Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Interior Design Services

Location: Salt Lake City, UT

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HB Intermountain Holdings, LLC is a limited liability company (LLC) located at 249 South 400 East in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,466,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.47M

Jobs Retained:

183

Loan Approved:

2020-04-10

Lender:

ZIONS BANK, A DIVISION OF

HB Intermountain Holdings, LLC received a Paycheck Protection Loan of $2.47M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, HB Intermountain Holdings, LLC's total 2019 payroll expenses were approximately $11.84M in order to qualify for the PPP loan amount received.

Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $64,700 per employee1.

Because the loan received by HB Intermountain Holdings, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - HB Intermountain Holdings, LLC in Salt Lake City, UT

HB Intermountain Holdings, LLC
249 South 400 East
Salt Lake City, UT 84111

Business Industry

Interior Design Services (NAICS code 541410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-02

Similar Companies near Salt Lake City

In the Salt Lake City area, 2 businesses in the "Interior Design Services" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 183) and received an average PPP loan of $1,243,767 (compared to this company's $2.47M).

Similar Nearby Businesses Who Received PPP Funding:

HUB Studio
Salt Lake City, UT

$20,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 11,888 businesses in the "Interior Design Services" industry received a total of $541,404,346.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 98% lower than HB Intermountain Holdings, LLC's reported 183 employees, and received an average PPP loan of $45,542, 98% lower than this company's loan of $2.47M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/hb-intermountain-holdings-llc-salt-lake-city-ut