PPP Loan Data — Heffner Bros. Building Corporation, Temple, TX
Heffner Bros. Building Corporation is a corporation located at 2312 S. 57th Street in Temple, Texas that received a Coronavirus-related PPP loan from the SBA of $47,135.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Heffner Bros. Building Corporation in Temple, TX received a Paycheck Protection Loan of $47,135 through WebBank, 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 June, 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, Heffner Bros. Building Corporation's 2019 payroll expenses are estimated to be at least $226,248.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,562 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heffner Bros. Building Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,135
Business Information - Heffner Bros. Building Corporation in Temple, TX
2312 S. 57th Street
Temple, TX 76504
NAICS code 236118
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Temple
In the Temple area, 12 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $39,023 (compared to this company's $47,135).
Similar Nearby Businesses Who Received PPP Funding:
Brandon Whatley Homes, LLC
Massey Professional Home Improvements Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 25% lower than Heffner Bros. Building Corporation's reported 4 employees, and received an average PPP loan of $30,405, 35% lower than this company's loan of $47,135.
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Footnotes & Information
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