PPP Loan Data — Hoffman Advantage LLC, Brookfield, WI
Hoffman Advantage LLC is a limited liability company (LLC) located in Brookfield, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,963.00 in January, 2021. This business is a FocalPoint Coaching franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Itria Ventures LLC
Hoffman Advantage LLC in Brookfield, WI received a Paycheck Protection Loan of $1,963 through Itria Ventures LLC, which was approved in January, 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.
Reported PPP Proceed Usage:
On the PPP application, Hoffman Advantage LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,962
Business Information - Hoffman Advantage LLC in Brookfield, WI
* Full address is redacted to protect the privacy of individuals.
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brookfield
In the Brookfield area, 12 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $228,585 (compared to this company's $1,963).
Similar Nearby Businesses Who Received PPP Funding:
Leclaire Business Consulting LLC
LAK Group LLC
Josie Cusma LLC
Centare Holdings Inc
Cloud To Ground Solutions LLC
Orion Retirement Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 82,222 businesses in the "Other Management Consulting Services" industry received a total of $3.7B 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 4 employees, 300% higher than Hoffman Advantage LLC's reported 1 employees, and received an average PPP loan of $44,991, 2192% higher than this company's loan of $1,963.
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.
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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