PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hollywood Woodwork Inc, Hollywood, FL

ALERT: There are 2 PPP loans for a total of $2.95M in our database for businesses with the name "Hollywood Woodwork Inc" in Hollywood, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hollywood Woodwork Inc
FL

Hollywood Woodwork Inc

Entity: Corporation

Industry: Custom Architectural Woodwork and Millwork Manufacturing

Location: Hollywood, FL

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Hollywood Woodwork Inc is a corporation located at 2951 Pembroke Rd in Hollywood, Florida that received a Coronavirus-related PPP loan from the SBA of $1,458,070.00 in February, 2021.

$ PPP Loan Information
Loan #1497538507

Loan Size:

$1.46M

Jobs Retained:

106

Loan Approved:

2021-02-19

Loan Status:

Ongoing Loan

Lender:

City National Bank of Florida

Hollywood Woodwork Inc in Hollywood, FL received a Paycheck Protection Loan of $1.46M through City National Bank of Florida, which was approved in February, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Hollywood Woodwork Inc's 2019 payroll expenses are estimated to be at least $7M.

Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $66,026 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hollywood Woodwork Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,458,064
  • Utilities: $1

Business Information - Hollywood Woodwork Inc in Hollywood, FL

Hollywood Woodwork Inc
2951 Pembroke Rd
Hollywood, FL 33020

Business Industry:
Custom Architectural Woodwork and Millwork Manufacturing
NAICS code 337212

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-24

Similar Companies near Hollywood

In the Hollywood area, 2 businesses in the "Custom Architectural Woodwork and Millwork Manufacturing" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 106) and received an average PPP loan of $736,888 (compared to this company's $1.46M).

Similar Nearby Businesses Who Received PPP Funding:

Mica World Inc
Hollywood, FL

$15,705 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,709 businesses in the "Custom Architectural Woodwork and Millwork Manufacturing" industry received a total of $515.21M 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 12 employees, 89% lower than Hollywood Woodwork Inc's reported 106 employees, and received an average PPP loan of $138,909, 90% lower than this company's loan of $1.46M.

SBA PPP loan data, payroll data, and salaries for Hollywood Woodwork, Inc
FL

Hollywood Woodwork, Inc

Entity: Corporation

Industry: Other Millwork (including Flooring)

Location: Hollywood, FL

Search All PPP Data

Hollywood Woodwork, Inc is a corporation located at 2951 Pembroke Road in Hollywood, Florida that received a Coronavirus-related PPP loan from the SBA of $1,490,765.00 in April, 2020.

$ PPP Loan Information
Loan #3359007310

Loan Size:

$1.49M

Jobs Retained:

118

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

City National Bank of Florida

Hollywood Woodwork, Inc in Hollywood, FL received a Paycheck Protection Loan of $1.49M through City National Bank of Florida, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Hollywood Woodwork, Inc's 2019 payroll expenses are estimated to be at least $7.16M.

Based on their reported 118 jobs retained, this equals an estimated average yearly compensation of $60,641 per employee1

Reported PPP Proceed Usage:

On the PPP application, Hollywood Woodwork, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,118,074
  • Utilities: $372,691

Business Information - Hollywood Woodwork, Inc in Hollywood, FL

Hollywood Woodwork, Inc
2951 Pembroke Road
Hollywood, FL 33020

Business Industry:
Other Millwork (including Flooring)
NAICS code 321918

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Broward County, FL — SBA Office 0455 — Congressional District: FL-24

Similar Companies near Hollywood

In the Hollywood area, 2 businesses in the "Other Millwork (including Flooring)" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 118) and received an average PPP loan of $747,558 (compared to this company's $1.49M).

Similar Nearby Businesses Who Received PPP Funding:

Jimmy Ruiz
Hollywood, FL

$4,350 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,020 businesses in the "Other Millwork (including Flooring)" industry received a total of $292.16M 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 15 employees, 87% lower than Hollywood Woodwork, Inc's reported 118 employees, and received an average PPP loan of $144,634, 90% lower than this company's loan of $1.49M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hollywood-woodwork-inc-hollywood-fl