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PPP Loan Data — Hilldrup Companies Inc, Stafford, VA

SBA PPP loan data, payroll data, and salaries for Hilldrup Companies Inc
VA

Hilldrup Companies Inc

Entity: Corporation

Industry: Used Household and Office Goods Moving

Location: Stafford, VA

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Hilldrup Companies Inc is a corporation located at 4022 Jefferson Davis Hwy in Stafford, Virginia that received a Coronavirus-related PPP loan from the SBA of $7,722,546.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$7.72M

Jobs Retained:

500

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Hilldrup Companies Inc in Stafford, VA received a Paycheck Protection Loan of $7.72M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Hilldrup Companies Inc's total 2019 payroll expenses were approximately $37.07M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $74,136 per employee1.

Because the loan received by Hilldrup Companies Inc 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 - Hilldrup Companies Inc in Stafford, VA

Hilldrup Companies Inc
4022 Jefferson Davis Hwy
Stafford, VA 22554

Business Industry

Used Household and Office Goods Moving (NAICS code 484210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VA-01

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Used Household and Office Goods Moving" industry received a total of $552,575,618.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 97% lower than Hilldrup Companies Inc's reported 500 employees, and received an average PPP loan of $137,594, 98% lower than this company's loan of $7.72M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hilldrup-companies-inc-stafford-va