PPP Loan Data — Hickson Mooney Construction, LLC, Como, MS
Hickson Mooney Construction, LLC is a limited liability company (LLC) located at 12706 Hwy 310 W in Como, Mississippi that received a Coronavirus-related PPP loan from the SBA of $45,885.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Horizon Bank
Hickson Mooney Construction, LLC in Como, MS received a Paycheck Protection Loan of $45,885 through First Horizon Bank, which was approved in April, 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, Hickson Mooney Construction, LLC's 2019 payroll expenses are estimated to be at least $220,248.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,025 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hickson Mooney Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,885
Business Information - Hickson Mooney Construction, LLC in Como, MS
12706 Hwy 310 W
Como, MS 38619
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Como
In the Como area, 2 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 10) and received an average PPP loan of $42,753 (compared to this company's $45,885).
Similar Nearby Businesses Who Received PPP Funding:
Tim Mcfarlin Construction, LLC
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 20% higher than Hickson Mooney Construction, LLC's reported 10 employees, and received an average PPP loan of $139,293, 204% higher than this company's loan of $45,885.
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Footnotes & Information
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