PPP Loan Data — Cashman Dredging And Marine Contracting Co, LLC, Quincy, MA
Cashman Dredging And Marine Contracting Co, LLC is a limited liability company (LLC) located at 549 South Street in Quincy, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,066,442.00 in April, 2020.
$ PPP Loan Information
Cashman Dredging And Marine Contracting Co, LLC in Quincy, MA received a Paycheck Protection Loan of $3.07M through CUSTOMERS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cashman Dredging And Marine Contracting Co, LLC's total 2019 payroll expenses were approximately $14.72M in order to qualify for the PPP loan amount received.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $52,010 per employee1.
Business Information - Cashman Dredging And Marine Contracting Co, LLC in Quincy, MA
549 South Street
Quincy, MA 2169
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near Quincy
In the Quincy area, 5 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 150 employees (compared to this company's 283) and received an average PPP loan of $914,914 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
JAY Cashman, Inc.
Sterling Equipment, Inc.
ACK Marine & General Contracting, LLC
J Mcdonagh Inc.
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 93% lower than Cashman Dredging And Marine Contracting Co, LLC's reported 283 employees, and received an average PPP loan of $308,548, 90% lower than this company's loan of $3.07M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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