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PPP Loan Data — HV Property Services Inc,
Indianola, IA
HV Property Services Inc
Entity: Subchapter S Corporation
Industry: All Other Specialty Trade Contractors
Location: Indianola, IA
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HV Property Services Inc is a subchapter s corporation located at 2500 W 2nd Ave Ste 1 in Indianola, Iowa that received a Coronavirus-related PPP loan from the SBA of $157,207.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 21 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5351578405
Loan Size:
Jobs Retained:
21Loan Approved:
2021-02-08Loan Status:
Paid in Full or ForgivenLender:
Peoples Savings BankHV Property Services Inc in Indianola, IA received a Paycheck Protection Loan of $157,207 through Peoples Savings Bank, which was approved in February, 2021.
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 September, 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 MoreUnderstanding 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 MoreBased 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, HV Property Services Inc's 2019 payroll expenses are estimated to be at least $754,594.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $35,933 per employee1
Reported PPP Proceed Usage:
On the PPP application, HV Property Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $157,203
- Utilities: $1
Business Information - HV Property Services Inc in Indianola, IA
2500 W 2nd Ave Ste 1
Indianola, IA 50125
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Rural
Similar Companies near Indianola
In the Indianola area, 22 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 21) and received an average PPP loan of $47,855 (compared to this company's $157,207).
Similar Nearby Businesses Who Received PPP Funding:
Ites Foam Insulation & Consulting LLC
Iowa Falls, IA
Matthew Hamilton
Iowa Falls, IA
Kyle Krogh
Huxley, IA
Iowa Auctioneering & Trading Co
Iowa Falls, IA
PRP Construction LLC
Iowa Falls, IA
TOD Johnson
Indianola, IA
Kevin Huss
Indianola, IA
Dovenspike Construction LLC
Indianola, IA
Tyson Winters
Iowa Falls, IA
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 62% lower than HV Property Services Inc's reported 21 employees, and received an average PPP loan of $86,934, 45% lower than this company's loan of $157,207.
HV Property Services Inc
Entity: Subchapter S Corporation
Industry: Poured Concrete Foundation and Structure Contractors
Location: Indianola, IA
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HV Property Services Inc is a subchapter s corporation located at 2500 W 2nd Ave Suite 1 in Indianola, Iowa that received a Coronavirus-related PPP loan from the SBA of $121,563.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least fourteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #6540437101
Loan Size:
Jobs Retained:
14Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Peoples Savings BankHV Property Services Inc in Indianola, IA received a Paycheck Protection Loan of $121,563 through Peoples Savings Bank, which was approved in April, 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 March, 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 MoreUnderstanding 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 MoreBased 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, HV Property Services Inc's 2019 payroll expenses are estimated to be at least $583,502.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $41,679 per employee1
Reported PPP Proceed Usage:
On the PPP application, HV Property Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $121,563
Business Information - HV Property Services Inc in Indianola, IA
2500 W 2nd Ave Suite 1
Indianola, IA 50125
Business Industry:
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Rural
Similar Companies near Indianola
In the Indianola area, 13 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 14) and received an average PPP loan of $108,784 (compared to this company's $121,563).
Similar Nearby Businesses Who Received PPP Funding:
Iowa Concrete Solutions LLC
Des Monies, IA
B&D Waterproofing
Indianola, IA
Iowa Contracting, Inc
Indianola, IA
Belieu Concrete LLC
Indianola, IA
Shorts Concrete Cutting Co
Indianola, IA
Terry Prenosil Concrete LLC
Indianola, IA
C Cox Concrete LLC
Indianola, IA
Davenport Concrete Services Inc
Huxley, IA
Industry PPP Comparison Statistics
Nationwide, 21,571 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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 13 employees, 7% lower than HV Property Services Inc's reported 14 employees, and received an average PPP loan of $139,812, 15% higher than this company's loan of $121,563.
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.
Footnotes & Information
1. Estimations for informational purposes only. 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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