PPP Loan Data — HFI LLC, Canal Winchester, OH
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
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.
Business Information - HFI LLC in Canal Winchester, OH
59 Gender Rd
Canal Winchester, OH 43110
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Aerosport Modeling & Design Inc
Canal Winchester, OH
Canal Winchester, OH
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.
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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