PPP Loan Data — Woodlands Holdings, LLC, Hoover, AL
Woodlands Holdings, LLC
Entity: Limited Liability Company (LLC)
Location: Hoover, ALTweet This • Search All PPP Data
Woodlands Holdings, LLC is a limited liability company (LLC) located at 517 Founders Park Cir in Hoover, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Woodlands Holdings, LLC in Hoover, AL received a Paycheck Protection Loan of $25,250 through SouthPoint Bank, which was approved in April, 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, Woodlands Holdings, LLC's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Woodlands Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,250
Business Information - Woodlands Holdings, LLC in Hoover, AL
517 Founders Park Cir
Hoover, AL 35226
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hoover
In the Hoover area, 10 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $15,225 (compared to this company's $25,250).
Similar Nearby Businesses Who Received PPP Funding:
Clement Home Builders LLC
Andrew W. Cross
TTR Construction, LLC
Brooklyn Handy Polk
Acadian Homes LLC
Big Sky Builders, Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Woodlands Holdings, LLC's reported 2 employees, and received an average PPP loan of $45,182, 79% higher than this company's loan of $25,250.
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Footnotes & Information
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