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PPP Loan Data — Home Services Holding Group LLC,
Redmond, WA
Home Services Holding Group LLC
Entity: Limited Liability Company (LLC)
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Redmond, WA
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Home Services Holding Group LLC is a limited liability company (LLC) located at 9680 153rd Ave Ne in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #8498968609
Loan Size:
Jobs Retained:
257Loan Approved:
2021-03-25Loan Status:
Ongoing LoanLender:
Washington Federal Bank, National AssociationHome Services Holding Group LLC in Redmond, WA received a Paycheck Protection Loan of $2M through Washington Federal Bank, National Association, which was approved in March, 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 MoreUnderstanding 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 MoreBased 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, Home Services Holding Group LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $37,354 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Services Holding Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Home Services Holding Group LLC in Redmond, WA
9680 153rd Ave Ne
Redmond, WA 98052
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
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
Similar Companies near Redmond
In the Redmond area, 21 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 257) and received an average PPP loan of $258,090 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Steckler Mechanical Inc
Redmond, WA
Maple Valley Plumbing & Pipeworks Inc
Ravensdale, WA
Pied Piper Inc
Redmond, WA
Mark Fendt
Redmond, WA
Brian Schmitt
Redmond, WA
Perfect Climate, Inc
Redmond, WA
Overlake Heating, AC & Sheet Metal, LLC
Redmond, WA
Rudy's Plumbing Inc
Bellevue, WA
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B 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 10 employees, 96% lower than Home Services Holding Group LLC's reported 257 employees, and received an average PPP loan of $125,397, 94% lower than this company's loan of $2M.
Home Services Holding Group, LLC
Entity: Limited Liability Company (LLC)
Industry: Unclassified Establishments
Location: Redmond, WA
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Home Services Holding Group, LLC is a limited liability company (LLC) located at 9680 153rd Ave Ne in Redmond, Washington that received a Coronavirus-related PPP loan from the SBA of $3,231,526.00 in April, 2020.
$
PPP Loan Information
Loan #3184017103
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-11Loan Status:
Ongoing LoanLender:
Washington Federal Bank, National AssociationHome Services Holding Group, LLC in Redmond, WA received a Paycheck Protection Loan of $3.23M through Washington Federal Bank, National Association, which was approved in April, 2020.
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 MoreUnderstanding 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 MoreBased 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, Home Services Holding Group, LLC's 2019 payroll expenses are estimated to be at least $15.51M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $62,045 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Services Holding Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,423,645
- Utilities: $807,882
Business Information - Home Services Holding Group, LLC in Redmond, WA
9680 153rd Ave Ne
Redmond, WA 98052
Business Industry:
Unclassified Establishments
NAICS code 999990
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
Similar Companies near Redmond
In the Redmond area, 58 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 250) and received an average PPP loan of $98,995 (compared to this company's $3.23M).
Similar Nearby Businesses Who Received PPP Funding:
Seagold International, Inc
Redmond, WA
Kashani Enterprises LLC
Redmond, WA
American Autoclave Co Inc
Redmond, WA
Derek Love Yiyi Forever Corp
Redmond, WA
Dearborn Corporation
Redmond, WA
Ingenious Cloud Solutions Inc
Redmond, WA
World Singles LLC
Redmond, WA
Excellent Cultures, Inc
Redmond, WA
Fitwellhr LLC
Redmond, WA
Industry PPP Comparison Statistics
Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 96% lower than Home Services Holding Group, LLC's reported 250 employees, and received an average PPP loan of $42,861, 99% lower than this company's loan of $3.23M.
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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