PPP Loan Data — Charity Kwartengmaah, Worcester, MA
Charity Kwartengmaah is a sole proprietorship located in Worcester, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in April, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Charity Kwartengmaah in Worcester, MA received a Paycheck Protection Loan of $20,832 through TD Bank, National Association, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.
Reported PPP Proceed Usage:
On the PPP application, Charity Kwartengmaah reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,830
- Utilities: $1
Business Information - Charity Kwartengmaah in Worcester, MA
* Full address is redacted to protect the privacy of individuals.
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Worcester
In the Worcester area, 129 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 1) and received an average PPP loan of $107,840 (compared to this company's $20,832).
Similar Nearby Businesses Who Received PPP Funding:
City Line Diner Inc
Turo's Pasta Shoppe Inc
One Pizza Inc
299-305 Shrewsbury Street Inc
Birchtree Bread Company LLC
Paradise Family, Inc
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 2100% higher than Charity Kwartengmaah's reported 1 employees, and received an average PPP loan of $130,209, 525% higher than this company's loan of $20,832.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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