PPP Loan Data — Red Hawk LLC, Baltimore, MD
Red Hawk LLC
Entity: Limited Liability Company (LLC)
Location: Baltimore, MDTweet This • Search All PPP Data
Red Hawk LLC is a limited liability company (LLC) located at 1212 65th St in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $1,521,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Red Hawk LLC in Baltimore, MD received a Paycheck Protection Loan of $1.52M through PNC Bank, National Association, 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 May, 2021.
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, Red Hawk LLC's 2019 payroll expenses are estimated to be at least $7.3M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $54,918 per employee1
Reported PPP Proceed Usage:
On the PPP application, Red Hawk LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,521,700
Business Information - Red Hawk LLC in Baltimore, MD
1212 65th St
Baltimore, MD 21237
Motor Vehicle Supplies and New Parts Merchant Wholesalers
NAICS code 423120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 5 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 133) and received an average PPP loan of $322,521 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Bay Area Sales And Service Inc
Dennis Sales And Service Inc
Industry PPP Comparison Statistics
Nationwide, 5,778 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $789.24M 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 14 employees, 89% lower than Red Hawk LLC's reported 133 employees, and received an average PPP loan of $136,595, 91% lower than this company's loan of $1.52M.
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Footnotes & Information
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