PPP Loan Data — HO Bouchard Inc.,, Hampden, ME
HO Bouchard Inc.,
Entity: Subchapter S Corporation
Location: Hampden, METweet This • Search All PPP Data
HO Bouchard Inc., is a subchapter s corporation located at 349 Coldbrook Rd in Hampden, Maine that received a Coronavirus-related PPP loan from the SBA of $2,059,242.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
HO Bouchard Inc., in Hampden, ME received a Paycheck Protection Loan of $2.06M through TD Bank, 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, HO Bouchard Inc.,'s 2019 payroll expenses are estimated to be at least $9.88M.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $69,608 per employee1
Reported PPP Proceed Usage:
On the PPP application, HO Bouchard Inc., reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,059,242
Business Information - HO Bouchard Inc., in Hampden, ME
349 Coldbrook Rd
Hampden, ME 4444
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hampden
In the Hampden area, 3 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 142) and received an average PPP loan of $700,303 (compared to this company's $2.06M).
Similar Nearby Businesses Who Received PPP Funding:
Randy A Jordan
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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, 98% lower than HO Bouchard Inc.,'s reported 142 employees, and received an average PPP loan of $39,939, 98% lower than this company's loan of $2.06M.
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Footnotes & Information
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