PPP Loan Data — Holly Sales And Service Inc, Madison, WI
Holly Sales And Service Inc
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Madison, WITweet This • Search All PPP Data
Holly Sales And Service Inc is a corporation located at 4290 Hoepker Rd in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $24,955.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Park Bank
Holly Sales And Service Inc in Madison, WI received a Paycheck Protection Loan of $24,955 through The Park Bank, 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.
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, Holly Sales And Service Inc's 2019 payroll expenses are estimated to be at least $119,784.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,946 per employee1
Reported PPP Proceed Usage:
On the PPP application, Holly Sales And Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,953
- Utilities: $1
Business Information - Holly Sales And Service Inc in Madison, WI
4290 Hoepker Rd
Madison, WI 53704
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Madison
In the Madison area, 3 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $14,761 (compared to this company's $24,955).
Similar Nearby Businesses Who Received PPP Funding:
Staples Die Cutting LLC
Staples Diecutting LLC
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B 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 9 employees, 125% higher than Holly Sales And Service Inc's reported 4 employees, and received an average PPP loan of $101,583, 307% higher than this company's loan of $24,955.
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