PPP Loan Data — Phillips Brick Cleaning Inc, Hudson, IN
Phillips Brick Cleaning Inc
Location: Hudson, INTweet This • Search All PPP Data
Phillips Brick Cleaning Inc is a corporation located at 227 N Main St in Hudson, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Phillips Brick Cleaning Inc in Hudson, IN received a Paycheck Protection Loan of $25,000 through Fifth Third Bank, which was approved in August, 2020.
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, Phillips Brick Cleaning Inc's 2019 payroll expenses are estimated to be at least $120,000.
Reported PPP Proceed Usage:
On the PPP application, Phillips Brick Cleaning Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Phillips Brick Cleaning Inc in Hudson, IN
227 N Main St
Hudson, IN 46747
Brick, Stone, and Related Construction Material Merchant Wholesalers
NAICS code 423320
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 6,433 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $495.43M 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 7 employees, 250% higher than Phillips Brick Cleaning Inc's reported 2 employees, and received an average PPP loan of $77,014, 208% higher than this company's loan of $25,000.
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Footnotes & Information
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