PPP Loan Data — Sample Hicks & Associates, Flowood, MS
Sample Hicks & Associates
Location: Flowood, MSTweet This • Search All PPP Data
Sample Hicks & Associates is a corporation located at 578 Lakeland East Dr in Flowood, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sample Hicks & Associates in Flowood, MS received a Paycheck Protection Loan of $25,000 through RiverHills 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 December, 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, Sample Hicks & Associates' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sample Hicks & Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,775
- Utilities: $1,225
- Rent: $3,000
Business Information - Sample Hicks & Associates in Flowood, MS
578 Lakeland East Dr
Flowood, MS 39232
Administrative Management and General Management Consulting Services
NAICS code 541611
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: N
Rural / Urban: Rural
Similar Companies near Flowood
In the Flowood area, 14 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 2) and received an average PPP loan of $210,736 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Kathy Smith DBA None
Capitol Body Shop Inc. Management Co
Hamiltondavis Home Care Inc
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 150% higher than Sample Hicks & Associates' reported 2 employees, and received an average PPP loan of $58,139, 133% higher than this company's loan of $25,000.
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Footnotes & Information
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