PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — David Ahern, Tiverton, RI

ALERT: There are 2 PPP loans for a total of $43,148 in our database for businesses with the name "David Ahern" in Tiverton, RI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for David Ahern
RI

David Ahern

Entity: Sole Proprietorship

Industry: Other Scientific and Technical Consulting Services

Location: Tiverton, RI

Search All PPP Data

David Ahern is a sole proprietorship located in Tiverton, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $19,648.00 in February, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5933668408

Loan Size:

$19,648

Jobs Retained:

1

Loan Approved:

2021-02-09

Loan Status:

Paid in Full or Forgiven

Lender:

BankNewport

David Ahern in Tiverton, RI received a Paycheck Protection Loan of $19,648 through BankNewport, which was approved in February, 2021.

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 August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, David Ahern reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,648

Business Information - David Ahern in Tiverton, RI

David Ahern
Tiverton, RI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Scientific and Technical Consulting Services
NAICS code 541690

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Newport County, RI — SBA Office 0165 — Congressional District: RI-01

Similar Companies near Tiverton

In the Tiverton area, 10 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $25,390 (compared to this company's $19,648).

Industry PPP Comparison Statistics

Nationwide, 27,933 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.09B 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 6 employees, 500% higher than David Ahern's reported 1 employees, and received an average PPP loan of $74,797, 281% higher than this company's loan of $19,648.

SBA PPP loan data, payroll data, and salaries for David Ahern
RI

David Ahern

Entity: Sole Proprietorship

Industry: Offices of Physicians, Mental Health Specialists

Location: Tiverton, RI

Search All PPP Data

David Ahern is a sole proprietorship located in Tiverton, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $23,500.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7418317101

Loan Size:

$23,500

Jobs Retained:

1

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

BankNewport
Likely Employment Reduction3

David Ahern in Tiverton, RI received a Paycheck Protection Loan of $23,500 through BankNewport, 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 May, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, David Ahern reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $23,500

Business Information - David Ahern in Tiverton, RI

David Ahern
Tiverton, RI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Physicians, Mental Health Specialists
NAICS code 621112

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Newport County, RI — SBA Office 0165 — Congressional District: RI-01

Similar Companies near Tiverton

In the Tiverton area, 10 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $35,771 (compared to this company's $23,500).

Industry PPP Comparison Statistics

Nationwide, 20,839 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.68B 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 8 employees, 700% higher than David Ahern's reported 1 employees, and received an average PPP loan of $80,585, 243% higher than this company's loan of $23,500.

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.

Search FederalPay's Full PPP Loan Database

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/david-ahern-tiverton-ri