PPP Loan Data — Hulin Holdco, LLC, Broussard, LA
Hulin Holdco, LLC
Entity: Limited Liability Company (LLC)
Location: Broussard, LATweet This • Search All PPP Data
Hulin Holdco, LLC is a limited liability company (LLC) located at 1012 Petroleum Parkway in Broussard, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,294,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CIBC Bank USA
Hulin Holdco, LLC in Broussard, LA received a Paycheck Protection Loan of $2.29M through CIBC Bank USA, 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, Hulin Holdco, LLC's 2019 payroll expenses are estimated to be at least $11.02M.
Based on their reported 282 jobs retained, this equals an estimated average yearly compensation of $39,060 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hulin Holdco, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,294,800
Business Information - Hulin Holdco, LLC in Broussard, LA
1012 Petroleum Parkway
Broussard, LA 70518
Freestanding Ambulatory Surgical and Emergency Centers
NAICS code 621493
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,399 businesses in the "Freestanding Ambulatory Surgical and Emergency Centers" industry received a total of $741.42M 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 20 employees, 93% lower than Hulin Holdco, LLC's reported 282 employees, and received an average PPP loan of $218,130, 90% lower than this company's loan of $2.29M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!