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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

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:


Jobs Retained:


Loan Approved:




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.

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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 - The Civil Employee's Resource **