PPP Loan Data — Casella Construction, Inc, Mendon, VT
Casella Construction, Inc is a subchapter s corporation located at 25 Industrial Lane in Mendon, Vermont that received a Coronavirus-related PPP loan from the SBA of $1,729,480.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Casella Construction, Inc in Mendon, VT received a Paycheck Protection Loan of $1.73M through TD Bank, National Association, 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, Casella Construction, Inc's 2019 payroll expenses are estimated to be at least $8.3M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $64,353 per employee1
Reported PPP Proceed Usage:
On the PPP application, Casella Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,729,480
Business Information - Casella Construction, Inc in Mendon, VT
25 Industrial Lane
Mendon, VT 5701
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Mendon
In the Mendon area, 2 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 129) and received an average PPP loan of $875,279 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
Quirk Brothers Excavating LLC
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 91% lower than Casella Construction, Inc's reported 129 employees, and received an average PPP loan of $139,293, 92% lower than this company's loan of $1.73M.
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Footnotes & Information
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