PPP Loan Data — H&S Services, Richmond, VA
H&S Services is a sole proprietorship located at 1513 Williamsburg Rd in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,862.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
H&S Services in Richmond, VA received a Paycheck Protection Loan of $46,862 through Bank of America, National Association, which was approved in May, 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, H&S Services' 2019 payroll expenses are estimated to be at least $224,938.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,494 per employee1
Reported PPP Proceed Usage:
On the PPP application, H&S Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,862
Business Information - H&S Services in Richmond, VA
1513 Williamsburg Rd
Richmond, VA 23231
Funeral Homes and Funeral Services
NAICS code 812210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Richmond
In the Richmond area, 10 businesses in the "Funeral Homes and Funeral Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $120,073 (compared to this company's $46,862).
Similar Nearby Businesses Who Received PPP Funding:
H&S Removal Service
H & S Removal Service
H&S Removal Service LLC
Joseph W Bliley Company
Industry PPP Comparison Statistics
Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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 8 employees, 20% lower than H&S Services' reported 10 employees, and received an average PPP loan of $61,448, 31% higher than this company's loan of $46,862.
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Footnotes & Information
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