PPP Loan Data — William B Hopke Co Inc, Alexandria, VA
William B Hopke Co Inc
Entity: Subchapter S Corporation
Location: Alexandria, VATweet This • Search All PPP Data
William B Hopke Co Inc is a subchapter s corporation located at 5421 Vine St in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,701,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
William B Hopke Co Inc in Alexandria, VA received a Paycheck Protection Loan of $1.7M through Truist Bank d/b/a Branch Banking & Trust Co, 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, William B Hopke Co Inc's 2019 payroll expenses are estimated to be at least $8.17M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $60,494 per employee1
Reported PPP Proceed Usage:
On the PPP application, William B Hopke Co Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,701,400
Business Information - William B Hopke Co Inc in Alexandria, VA
5421 Vine St
Alexandria, VA 22310
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 2 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 135) and received an average PPP loan of $896,175 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
St Onge Corporation
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 87% lower than William B Hopke Co Inc's reported 135 employees, and received an average PPP loan of $216,804, 87% lower than this company's loan of $1.7M.
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