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PPP Loan Data — Hydromax USA LLC, Evansville, IN

SBA PPP loan data, payroll data, and salaries for Hydromax USA LLC
IN

Hydromax USA LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Waste Management Services

Location: Evansville, IN

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Hydromax USA LLC is a limited liability company (LLC) located at 2501 S Kentucky Ave in Evansville, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,753,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.75M

Jobs Retained:

424

Loan Approved:

2020-04-11

Lender:

OLD NATIONAL BANK

Hydromax USA LLC in Evansville, IN received a Paycheck Protection Loan of $4.75M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hydromax USA LLC's total 2019 payroll expenses were approximately $22.82M in order to qualify for the PPP loan amount received.

Based on their reported 424 jobs retained, this equals an estimated average yearly compensation of $53,817 per employee1.

Because the loan received by Hydromax USA LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hydromax USA LLC in Evansville, IN

Hydromax USA LLC
2501 S Kentucky Ave
Evansville, IN 47714

Business Industry

All Other Miscellaneous Waste Management Services (NAICS code 562998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-08

Similar Companies near Evansville

In the Evansville area, 2 businesses in the "All Other Miscellaneous Waste Management Services" industry received a PPP loan. These local businesses reported an average of 223 employees (compared to this company's 424) and received an average PPP loan of $2,530,300 (compared to this company's $4.75M).

Similar Nearby Businesses Who Received PPP Funding:

BEC Enterprises LLC
Evansville, IN

$306,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,932 businesses in the "All Other Miscellaneous Waste Management Services" industry received a total of $234,738,876.00 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 11 employees, 97% lower than Hydromax USA LLC's reported 424 employees, and received an average PPP loan of $121,500, 97% lower than this company's loan of $4.75M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/hydromax-usa-llc-evansville-in