PPP Loan Data — Hodges Heating And Cooling LLC, Tuscaloosa, AL
Hodges Heating And Cooling LLC
Entity: Limited Liability Company (LLC)
Location: Tuscaloosa, ALTweet This • Search All PPP Data
Hodges Heating And Cooling LLC is a limited liability company (LLC) located at 10120 Sunlight Drive in Tuscaloosa, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Hodges Heating And Cooling LLC in Tuscaloosa, AL received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in August, 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, Hodges Heating And Cooling LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hodges Heating And Cooling LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Hodges Heating And Cooling LLC in Tuscaloosa, AL
10120 Sunlight Drive
Tuscaloosa, AL 35405
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tuscaloosa
In the Tuscaloosa area, 22 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $47,756 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
PRN Roofing, Inc
J & P Construction Co Inc
Boyd Construction Company Inc
Rice Construction Company Inc
O'bryant Construction, Inc
Adam Tant Construction
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 17% lower than Hodges Heating And Cooling LLC's reported 6 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $25,000.
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