PPP Loan Data — Hilland Moses, Inc, Cleveland, OH
Hilland Moses, Inc is a subchapter s corporation located at 4910 Tiedeman Rd in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Hilland Moses, Inc in Cleveland, OH received a Paycheck Protection Loan of $25,200 through KeyBank National Association, 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, Hilland Moses, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hilland Moses, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Hilland Moses, Inc in Cleveland, OH
4910 Tiedeman Rd
Cleveland, OH 44144
Women's Clothing Stores
NAICS code 448120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Cleveland
In the Cleveland area, 20 businesses in the "Women's Clothing Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $22,491 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Richmond Hts, OH
Industry PPP Comparison Statistics
Nationwide, 43,984 businesses in the "Women's Clothing Stores" industry received a total of $1.11B 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 3 employees, 40% lower than Hilland Moses, Inc's reported 5 employees, and received an average PPP loan of $25,247, 0% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!