PPP Loan Data — Hcic Enterprises LLC, Dallas, TX
Hcic Enterprises LLC
Entity: Limited Liability Company (LLC)
Location: Dallas, TXTweet This • Search All PPP Data
Hcic Enterprises LLC is a limited liability company (LLC) located at 2727 Lbj Freeway in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $226,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least fourteen people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST STATE BANK
Hcic Enterprises LLC received a Paycheck Protection Loan of $226,800 through FIRST STATE BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Hcic Enterprises LLC's total 2019 payroll expenses were approximately $1.09M in order to qualify for the PPP loan amount received.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $77,760 per employee1.
Business Information - Hcic Enterprises LLC in Dallas, TX
2727 Lbj Freeway
Dallas, TX 75234
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Dallas
In the Dallas area, 17 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 14) and received an average PPP loan of $819,975 (compared to this company's $226,800).
Similar Nearby Businesses Who Received PPP Funding:
CDB General Contractors LLC
Contractor Services Unlimited Inc
Farmers Branch, TX
GCC Enterprises Inc
US Excel Construction LLC
Oxford Associates, Inc.
LH Lacy Co, LTD
Taurus Commercial Inc
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 7% lower than Hcic Enterprises LLC's reported 14 employees, and received an average PPP loan of $203,235, 10% lower than this company's loan of $226,800.
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.
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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