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PPP Loan Data — Hutch Ham Agency Inc, Charlotte, NC

SBA PPP loan data, payroll data, and salaries for Hutch Ham Agency Inc
NC

Hutch Ham Agency Inc

Entity: Subchapter S Corporation

Industry: Lessors of Nonresidential Buildings (except Miniwarehouses)

Location: Charlotte, NC

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Hutch Ham Agency Inc is a subchapter s corporation located at 1230 W Morehead St Ste 306 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $87,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$87,300

Jobs Retained:

5

Loan Approved:

2020-04-28

Lender:

FIRST-CITIZENS BANK & TRUST COMPANY

Hutch Ham Agency Inc received a Paycheck Protection Loan of $87,300 through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hutch Ham Agency Inc's total 2019 payroll expenses were approximately $419,040 in order to qualify for the PPP loan amount received.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $83,808 per employee1.

Business Information - Hutch Ham Agency Inc in Charlotte, NC

Hutch Ham Agency Inc
1230 W Morehead St Ste 306
Charlotte, NC 28208

Business Industry

Lessors of Nonresidential Buildings (except Miniwarehouses) (NAICS code 531120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 8 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 5) and received an average PPP loan of $552,352 (compared to this company's $87,300).

Industry PPP Comparison Statistics

Nationwide, 14,874 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1,433,708,089.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 80% higher than Hutch Ham Agency Inc's reported 5 employees, and received an average PPP loan of $96,390, 10% higher than this company's loan of $87,300.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hutch-ham-agency-inc-charlotte-nc