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

PPP Loan Data — HSD Holding Co., Hudsonville, MI

SBA PPP loan data, payroll data, and salaries for HSD Holding Co.
MI

HSD Holding Co.

Entity: Corporation

Industry: General Freight Trucking, Local

Location: Hudsonville, MI

Search All PPP Data

HSD Holding Co. is a corporation located at 3068 Highland Blvd in Hudsonville, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,859,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.86M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-06

Lender:

MACATAWA BANK

HSD Holding Co. in Hudsonville, MI received a Paycheck Protection Loan of $2.86M through MACATAWA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, HSD Holding Co.'s total 2019 payroll expenses were approximately $13.73M in order to qualify for the PPP loan amount received.

Unlike most businesses, HSD Holding Co.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by HSD Holding Co. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - HSD Holding Co. in Hudsonville, MI

HSD Holding Co.
3068 Highland Blvd
Hudsonville, MI 49426

Business Industry

General Freight Trucking, Local (NAICS code 484110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-02

Similar Companies near Hudsonville

In the Hudsonville area, 8 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 0) and received an average PPP loan of $407,871 (compared to this company's $2.86M).

Industry PPP Comparison Statistics

Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $2.86M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hsd-holding-co-hudsonville-mi