PPP Loan Data — Hill Hiepe & Assoc PA, Saint Petersburg, FL
Hill Hiepe & Assoc PA is a corporation located at 2401 5th Ave N in Saint Petersburg, Florida that received a Coronavirus-related PPP loan from the SBA of $46,736.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Hill Hiepe & Assoc PA in Saint Petersburg, FL received a Paycheck Protection Loan of $46,736 through Wells Fargo Bank, National Association, which was approved in May, 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, Hill Hiepe & Assoc PA's 2019 payroll expenses are estimated to be at least $224,333.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,083 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hill Hiepe & Assoc PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,736
Business Information - Hill Hiepe & Assoc PA in Saint Petersburg, FL
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Hill Hiepe & Assoc PA's reported 4 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,736.
FederalPay's PPP Information Policy
Footnotes & Information
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