PPP Loan Data — Hong Holdings, LLC, Westlake Village, CA
Hong Holdings, LLC is a limited liability company (LLC) located at 4520 East Thousand Oaks Boulevard in Westlake Village, California that received a Coronavirus-related PPP loan from the SBA of $3,445,000.00 in April, 2020.
$ PPP Loan Information
Lender:CACHE VALLEY BANK
Hong Holdings, LLC received a Paycheck Protection Loan of $3.45M through CACHE VALLEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hong Holdings, LLC's total 2019 payroll expenses were approximately $16.54M in order to qualify for the PPP loan amount received.
Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $61,018 per employee1.
Business Information - Hong Holdings, LLC in Westlake Village, CA
4520 East Thousand Oaks Boulevard
Westlake Village, CA 91362
Fuel Dealers (NAICS code 454310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-26
Industry PPP Comparison Statistics
Nationwide, 2,598 businesses in the "Fuel Dealers" industry received a total of $459,348,282.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 15 employees, 94% lower than Hong Holdings, LLC's reported 271 employees, and received an average PPP loan of $176,808, 95% lower than this company's loan of $3.45M.
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Footnotes & Information
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