PPP Loan Data — Hunter-Doan Inc, Wheaton, IL
Hunter-Doan Inc is a subchapter s corporation located at 325 S Main St in Wheaton, Illinois that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in January, 2021.
The company has reported itself as a male veteran owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Grand Ridge National Bank
Hunter-Doan Inc in Wheaton, IL received a Paycheck Protection Loan of $46,000 through Grand Ridge National Bank, which was approved in January, 2021.
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, Hunter-Doan Inc's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hunter-Doan Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,998
- Utilities: $1
Business Information - Hunter-Doan Inc in Wheaton, IL
325 S Main St
Wheaton, IL 60187
Other Gasoline Stations
NAICS code 447190
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wheaton
In the Wheaton area, 3 businesses in the "Other Gasoline Stations" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $34,167 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Carol Stream, IL
Hunter-Doan Inc, DBA South Main Marathon
Industry PPP Comparison Statistics
Nationwide, 6,490 businesses in the "Other Gasoline Stations" industry received a total of $343.18M 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 9 employees, 125% higher than Hunter-Doan Inc's reported 4 employees, and received an average PPP loan of $52,878, 15% higher than this company's loan of $46,000.
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Footnotes & Information
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