PPP Loan Data — Hendershot Performance LLC, Belpre, OH
Hendershot Performance LLC
Entity: Limited Liability Company (LLC)
Location: Belpre, OHTweet This • Search All PPP Data
Hendershot Performance LLC is a limited liability company (LLC) located at 3015 State Route 339 in Belpre, Ohio that received a Coronavirus-related PPP loan from the SBA of $24,844.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hendershot Performance LLC in Belpre, OH received a Paycheck Protection Loan of $24,844 through Peoples 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 January, 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, Hendershot Performance LLC's 2019 payroll expenses are estimated to be at least $119,251.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,250 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hendershot Performance LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,633
- Rent: $6,211
Business Information - Hendershot Performance LLC in Belpre, OH
3015 State Route 339
Belpre, OH 45714
Motorcycle, ATV, and All Other Motor Vehicle Dealers
NAICS code 441228
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 7,566 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $1.08B 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 14 employees, 56% higher than Hendershot Performance LLC's reported 9 employees, and received an average PPP loan of $142,979, 476% higher than this company's loan of $24,844.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!