PPP Loan Data — H&H Custom Sawing & Lumber, Hoboken, GA
H&H Custom Sawing & Lumber is a partnership located at 115 Sawmill Road in Hoboken, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,722.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
H&H Custom Sawing & Lumber in Hoboken, GA received a Paycheck Protection Loan of $45,722 through Southeastern 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 March, 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, H&H Custom Sawing & Lumber's 2019 payroll expenses are estimated to be at least $219,466.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,578 per employee1
Reported PPP Proceed Usage:
On the PPP application, H&H Custom Sawing & Lumber reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,722
Business Information - H&H Custom Sawing & Lumber in Hoboken, GA
115 Sawmill Road
Hoboken, GA 31542
NAICS code 321113
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, 2,110 businesses in the "Sawmills" industry received a total of $393.29M 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 20 employees, 233% higher than H&H Custom Sawing & Lumber's reported 6 employees, and received an average PPP loan of $186,392, 308% higher than this company's loan of $45,722.
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Footnotes & Information
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