PPP Loan Data — Hess Plumbing And Drain Cleaning-Sba Small 7A Term, Tabernacle, NJ
Hess Plumbing And Drain Cleaning-Sba Small 7A Term is a limited liability company (LLC) located at 117 Flyatt Rd in Tabernacle, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,908.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Hess Plumbing And Drain Cleaning-Sba Small 7A Term in Tabernacle, NJ received a Paycheck Protection Loan of $46,908 through TD Bank, National Association, which was approved in May, 2020.
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, Hess Plumbing And Drain Cleaning-Sba Small 7A Term's 2019 payroll expenses are estimated to be at least $225,158.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,290 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hess Plumbing And Drain Cleaning-Sba Small 7A Term reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,908
Business Information - Hess Plumbing And Drain Cleaning-Sba Small 7A Term in Tabernacle, NJ
117 Flyatt Rd
Tabernacle, NJ 8088
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tabernacle
In the Tabernacle area, 4 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $35,365 (compared to this company's $46,908).
Similar Nearby Businesses Who Received PPP Funding:
Muller Plumbing And Heating LLC
Ultimate Drain Cleaning & Service, LLC
Homestead Painting, LLC
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 75% higher than Hess Plumbing And Drain Cleaning-Sba Small 7A Term's reported 4 employees, and received an average PPP loan of $45,205, 4% lower than this company's loan of $46,908.
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Footnotes & Information
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