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

PPP Loan Data — Holtzman Enterprises Inc, Saint Louis, MO

ALERT: There are 2 PPP loans for a total of $3.79M in our database for businesses with the name "Holtzman Enterprises Inc" in Saint Louis, MO. 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 Holtzman Enterprises Inc

FRANCHISE

MO

Holtzman Enterprises Inc

Entity: Subchapter S Corporation

Industry: Barber Shops

Franchise: Great Clips

Location: Saint Louis, MO

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Holtzman Enterprises Inc is a subchapter s corporation located at 9741 Litzsinger Rd in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,895,532.00 in February, 2021. This business is a Great Clips franchise.

$ PPP Loan Information
Loan #2801828500

Loan Size:

$1.9M

Jobs Retained:

220

Loan Approved:

2021-02-22

Loan Status:

Ongoing Loan

Lender:

Central Bank of St. Louis

Holtzman Enterprises Inc in Saint Louis, MO received a Paycheck Protection Loan of $1.9M through Central Bank of St. Louis, 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, Holtzman Enterprises Inc's 2019 payroll expenses are estimated to be at least $9.1M.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $41,357 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $1,895,527
  • Utilities: $1

Business Information - Holtzman Enterprises Inc in Saint Louis, MO

Holtzman Enterprises Inc
9741 Litzsinger Rd
Saint Louis, MO 63124

Business Industry:
Barber Shops
NAICS code 812111

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: N

HUBZone: N

Rural / Urban: Urban

Saint Louis County, MO — SBA Office 0768 — Congressional District: MO-02

Similar Companies near Saint Louis

In the Saint Louis area, 19 businesses in the "Barber Shops" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 220) and received an average PPP loan of $114,818 (compared to this company's $1.9M).

Industry PPP Comparison Statistics

Nationwide, 135,477 businesses in the "Barber Shops" industry received a total of $2.46B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 99% lower than Holtzman Enterprises Inc's reported 220 employees, and received an average PPP loan of $18,164, 99% lower than this company's loan of $1.9M.

SBA PPP loan data, payroll data, and salaries for Holtzman Enterprises, Inc
MO

Holtzman Enterprises, Inc

Entity: Subchapter S Corporation

Industry: Beauty Salons

Location: Saint Louis, MO

Search All PPP Data

Holtzman Enterprises, Inc is a subchapter s corporation located at 9741 Litzsinger Rd in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,895,532.00 in April, 2020.

$ PPP Loan Information
Loan #2112287110

Loan Size:

$1.9M

Jobs Retained:

259

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Central Bank of St. Louis

Holtzman Enterprises, Inc in Saint Louis, MO received a Paycheck Protection Loan of $1.9M through Central Bank of St. Louis, 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 December, 2020.

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, Holtzman Enterprises, Inc's 2019 payroll expenses are estimated to be at least $9.1M.

Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $35,130 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $1,469,672
  • Utilities: $40,500
  • Rent: $307,000
  • Health Care: $77,360
  • Debt Interest: $1,000

Business Information - Holtzman Enterprises, Inc in Saint Louis, MO

Holtzman Enterprises, Inc
9741 Litzsinger Rd
Saint Louis, MO 63124

Business Industry:
Beauty Salons
NAICS code 812112

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: N

HUBZone: N

Rural / Urban: Urban

Saint Louis County, MO — SBA Office 0768 — Congressional District: MO-02

Similar Companies near Saint Louis

In the Saint Louis area, 105 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 259) and received an average PPP loan of $44,744 (compared to this company's $1.9M).

Industry PPP Comparison Statistics

Nationwide, 489,088 businesses in the "Beauty Salons" industry received a total of $9.13B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 99% lower than Holtzman Enterprises, Inc's reported 259 employees, and received an average PPP loan of $18,663, 99% lower than this company's loan of $1.9M.

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/holtzman-enterprises-inc-saint-louis-mo