PPP Loan Data — Y. Hata & Company, Limited, Honolulu, HI
Y. Hata & Company, Limited is a corporation located at Sand Island Access Rd in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $5,324,200.00 in April, 2020.
$ PPP Loan Information Loan #4556007009
Loan Status:Ongoing Loan
Lender:American Savings Bank, FSB
Y. Hata & Company, Limited in Honolulu, HI received a Paycheck Protection Loan of $5.32M through American Savings Bank, FSB, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 256. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Y. Hata & Company, Limited's 2019 payroll expenses are estimated to be at least $25.56M (not accounting for salary amounts > $100k).
Because the 250 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Y. Hata & Company, Limited reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,324,200
Business Information - Y. Hata & Company, Limited in Honolulu, HI
Sand Island Access Rd
Honolulu, HI 96819
General Line Grocery Merchant Wholesalers
NAICS code 424410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 10 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 250) and received an average PPP loan of $1,108,308 (compared to this company's $5.32M).
Similar Nearby Businesses Who Received PPP Funding:
Greater Pacific Foods, LLC
K&J Wholesale Co., LTD
East West Marketing, Inc
HAM Produce, Inc
Oriental Food Distributor Inc
Industry PPP Comparison Statistics
Nationwide, 6,609 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $742,062,236.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than Y. Hata & Company, Limited's reported 250 employees, and received an average PPP loan of $112,281, 98% lower than this company's loan of $5.32M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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