PPP Loan Data — Hutchins Investment Corporation, LLC DBA Evans Family Cleani, Tampa, FL
Hutchins Investment Corporation, LLC DBA Evans Family Cleani is a limited liability company (LLC) located at 4809 E Busch Blvd Ste 101 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $25,245.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Hutchins Investment Corporation, LLC DBA Evans Family Cleani in Tampa, FL received a Paycheck Protection Loan of $25,245 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Hutchins Investment Corporation, LLC DBA Evans Family Cleani's 2019 payroll expenses are estimated to be at least $121,176.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hutchins Investment Corporation, LLC DBA Evans Family Cleani reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,245
Business Information - Hutchins Investment Corporation, LLC DBA Evans Family Cleani in Tampa, FL
4809 E Busch Blvd Ste 101
Tampa, FL 33617
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
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Hutchins Investment Corporation, LLC DBA Evans Family Cleani's reported 5 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,245.
FederalPay's PPP Information Policy
Footnotes & Information
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