PPP Loan Data — Conrad Wiezbicki DBA Acres Power Equipment Company, East Longmeadow, MA
Conrad Wiezbicki DBA Acres Power Equipment Company is a sole proprietorship located at 104 Shaker Road in East Longmeadow, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,925.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Conrad Wiezbicki DBA Acres Power Equipment Company in East Longmeadow, MA received a Paycheck Protection Loan of $46,925 through Westfield Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Conrad Wiezbicki DBA Acres Power Equipment Company's 2019 payroll expenses are estimated to be at least $225,240.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,048 per employee1
Reported PPP Proceed Usage:
On the PPP application, Conrad Wiezbicki DBA Acres Power Equipment Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,925
Business Information - Conrad Wiezbicki DBA Acres Power Equipment Company in East Longmeadow, MA
104 Shaker Road
East Longmeadow, MA 1028
Outdoor Power Equipment Stores
NAICS code 444210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near East Longmeadow
In the East Longmeadow area, 2 businesses in the "Outdoor Power Equipment Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $46,925 (compared to this company's $46,925).
Similar Nearby Businesses Who Received PPP Funding:
East Longmeadow, MA
Industry PPP Comparison Statistics
Nationwide, 2,273 businesses in the "Outdoor Power Equipment Stores" industry received a total of $202.53M 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 10 employees, 100% higher than Conrad Wiezbicki DBA Acres Power Equipment Company's reported 5 employees, and received an average PPP loan of $89,101, 90% higher than this company's loan of $46,925.
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Footnotes & Information
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