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PPP Loan Data — HFI LLC, Canal Winchester, OH

SBA PPP loan data, payroll data, and salaries for HFI LLC
OH

HFI LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Plastics Product Manufacturing

Location: Canal Winchester, OH

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HFI LLC is a limited liability company (LLC) located at 59 Gender Rd in Canal Winchester, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,540,182.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 350 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.54M

Jobs Retained:

350

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

HFI LLC in Canal Winchester, OH received a Paycheck Protection Loan of $5.54M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, HFI LLC's total 2019 payroll expenses were approximately $26.59M in order to qualify for the PPP loan amount received.

Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $75,980 per employee1.

Because the loan received by HFI LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - HFI LLC in Canal Winchester, OH

HFI LLC
59 Gender Rd
Canal Winchester, OH 43110

Business Industry

All Other Plastics Product Manufacturing (NAICS code 326199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-15

Similar Companies near Canal Winchester

In the Canal Winchester area, 3 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 350) and received an average PPP loan of $1,949,877 (compared to this company's $5.54M).

Industry PPP Comparison Statistics

Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 33 employees, 91% lower than HFI LLC's reported 350 employees, and received an average PPP loan of $385,889, 93% lower than this company's loan of $5.54M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hfi-llc-canal-winchester-oh