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PPP Loan Data — HGC Holdings, LLC, Oklahoma City, OK

SBA PPP loan data, payroll data, and salaries for HGC Holdings, LLC
OK

HGC Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Other Holding Companies

Location: Oklahoma City, OK

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HGC Holdings, LLC is a limited liability company (LLC) located at 3010 Nw 149th St, Suite 100 in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,500,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.5M

Jobs Retained:

263

Loan Approved:

2020-04-05

Lender:

BANCFIRST

HGC Holdings, LLC received a Paycheck Protection Loan of $3.5M through BANCFIRST, which was approved in April, 2020.

Based on standard PPP eligibility rules, HGC Holdings, LLC's total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.

Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $63,878 per employee1.

Because the loan received by HGC Holdings, 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 - HGC Holdings, LLC in Oklahoma City, OK

HGC Holdings, LLC
3010 Nw 149th St, Suite 100
Oklahoma City, OK 73134

Business Industry

Offices of Other Holding Companies (NAICS code 551112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-05

Similar Companies near Oklahoma City

In the Oklahoma City area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 263) and received an average PPP loan of $1,812,100 (compared to this company's $3.5M).

Industry PPP Comparison Statistics

Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 95% lower than HGC Holdings, LLC's reported 263 employees, and received an average PPP loan of $160,790, 95% lower than this company's loan of $3.5M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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/hgc-holdings-llc-oklahoma-city-ok