PPP Loan Data — Heller Concrete Inc, Kitty Hawk, NC
Heller Concrete Inc
Entity: Subchapter S Corporation
Location: Kitty Hawk, NCTweet This • Search All PPP Data
Heller Concrete Inc is a subchapter s corporation located at 5101 Hornbeam Pl in Kitty Hawk, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Heller Concrete Inc in Kitty Hawk, NC received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in May, 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 April, 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, Heller Concrete Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heller Concrete Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Heller Concrete Inc in Kitty Hawk, NC
5101 Hornbeam Pl
Kitty Hawk, NC 27949
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kitty Hawk
In the Kitty Hawk area, 4 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $21,457 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Island Concrete Inc
Kitty Hawk, NC
Lizbeth Flores Macedo
Kitty Hawk, NC
Carol S Musick DBA Rl Musick Concrete
Kitty Hawk, NC
Industry PPP Comparison Statistics
Nationwide, 21,801 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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 13 employees, 160% higher than Heller Concrete Inc's reported 5 employees, and received an average PPP loan of $138,620, 454% higher than this company's loan of $25,000.
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