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PPP Loan Data — Colony Dry Wall Inc, Westport, MA

SBA PPP loan data, payroll data, and salaries for Colony Dry Wall Inc
MA

Colony Dry Wall Inc

Entity: Subchapter S Corporation

Industry: Drywall and Insulation Contractors

Location: Westport, MA

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Colony Dry Wall Inc is a subchapter s corporation located at 1119 State Road Unit 1 in Westport, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,639,264.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.64M

Jobs Retained:

140

Loan Approved:

2020-04-15

Lender:

ROCKLAND TRUST COMPANY

Colony Dry Wall Inc in Westport, MA received a Paycheck Protection Loan of $2.64M through ROCKLAND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Colony Dry Wall Inc's total 2019 payroll expenses were approximately $12.67M in order to qualify for the PPP loan amount received.

Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $90,489 per employee1.

Because the loan received by Colony Dry Wall Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Colony Dry Wall Inc in Westport, MA

Colony Dry Wall Inc
1119 State Road Unit 1
Westport, MA 2790

Business Industry

Drywall and Insulation Contractors (NAICS code 238310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-09

Similar Companies near Westport

In the Westport area, 3 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 140) and received an average PPP loan of $1,082,921 (compared to this company's $2.64M).

Industry PPP Comparison Statistics

Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 90% lower than Colony Dry Wall Inc's reported 140 employees, and received an average PPP loan of $192,711, 93% lower than this company's loan of $2.64M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/colony-dry-wall-inc-westport-ma