PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hill & Wilkinson Construction Group LTD, Richardson, TX

ALERT: There are 2 PPP loans for a total of $8.54M in our database for businesses with the name "Hill & Wilkinson Construction Group LTD" in Richardson, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hill & Wilkinson Construction Group LTD
TX

Hill & Wilkinson Construction Group LTD

Entity: Limited Liability Partnership

Industry: Commercial and Institutional Building Construction

Location: Richardson, TX

Search All PPP Data

Hill & Wilkinson Construction Group LTD is a limited liability partnership located at 2703 Telecom Pkwy Ste 120 in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information Loan #4649418401

Loan Size:

$2M

Jobs Retained:

288

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

Prosperity Bank

Hill & Wilkinson Construction Group LTD in Richardson, TX received a Paycheck Protection Loan of $2M through Prosperity Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 & Wilkinson Construction Group LTD's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $33,333 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hill & Wilkinson Construction Group LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Hill & Wilkinson Construction Group LTD 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 - Hill & Wilkinson Construction Group LTD in Richardson, TX

Hill & Wilkinson Construction Group LTD
2703 Telecom Pkwy Ste 120
Richardson, TX 75082

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Richardson

In the Richardson area, 37 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 288) and received an average PPP loan of $557,355 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 65,383 businesses in the "Commercial and Institutional Building Construction" industry received a total of $11,945,874,937.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 95% lower than Hill & Wilkinson Construction Group LTD's reported 288 employees, and received an average PPP loan of $182,706, 91% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Hill & Wilkinson Construction Group, LTD
TX

Hill & Wilkinson Construction Group, LTD

Entity: Limited Liability Partnership

Industry: Commercial and Institutional Building Construction

Location: Richardson, TX

Search All PPP Data

Hill & Wilkinson Construction Group, LTD is a limited liability partnership located at 2703 Telecom Pkwy#120 in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $6,537,300.00 in April, 2020.

$ PPP Loan Information Loan #3520987101

Loan Size:

$6.54M

Jobs Retained:

375

Loan Approved:

2020-04-11

Loan Status:

Ongoing Loan

Lender:

Prosperity Bank

Hill & Wilkinson Construction Group, LTD in Richardson, TX received a Paycheck Protection Loan of $6.54M through Prosperity Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 & Wilkinson Construction Group, LTD's 2019 payroll expenses are estimated to be at least $31.38M.

Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $83,677 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hill & Wilkinson Construction Group, LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,537,300
Because the loan received by Hill & Wilkinson Construction Group, LTD 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 - Hill & Wilkinson Construction Group, LTD in Richardson, TX

Hill & Wilkinson Construction Group, LTD
2703 Telecom Pkwy#120
Richardson, TX 75082

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Richardson

In the Richardson area, 37 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 375) and received an average PPP loan of $557,355 (compared to this company's $6.54M).

Industry PPP Comparison Statistics

Nationwide, 65,383 businesses in the "Commercial and Institutional Building Construction" industry received a total of $11,945,874,937.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 96% lower than Hill & Wilkinson Construction Group, LTD's reported 375 employees, and received an average PPP loan of $182,706, 97% lower than this company's loan of $6.54M.

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, 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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/hill-wilkinson-construction-group-ltd-richardson-tx