PPP Loan Data — Horizon Financial Servbices, Claremont, NH
Horizon Financial Servbices is a sole proprietorship located at 103 Broad St in Claremont, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of New Hampshire
Horizon Financial Servbices in Claremont, NH received a Paycheck Protection Loan of $25,100 through Bank of New Hampshire, which was approved in April, 2020.
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, Horizon Financial Servbices' 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Horizon Financial Servbices reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Horizon Financial Servbices in Claremont, NH
103 Broad St
Claremont, NH 3743
Miscellaneous Financial Investment Activities
NAICS code 523999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 12,855 businesses in the "Miscellaneous Financial Investment Activities" industry received a total of $583.39M 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 3 employees, the same amount reported by Horizon Financial Servbices and received an average PPP loan of $45,383, 81% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
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