PPP Loan Data — DCD Bh Inc, Norwood, MA
DCD Bh Inc is a subchapter s corporation located at 279 Providence Highway in Norwood, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,170,257.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
DCD Bh Inc in Norwood, MA received a Paycheck Protection Loan of $2.17M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
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.
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, DCD Bh Inc's 2019 payroll expenses are estimated to be at least $10.42M.
Based on their reported 147 jobs retained, this equals an estimated average yearly compensation of $70,866 per employee1
Reported PPP Proceed Usage:
On the PPP application, DCD Bh Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,654,755
- Utilities: $44,220
- Rent: $389,830
- Health Care: $81,452
Business Information - DCD Bh Inc in Norwood, MA
279 Providence Highway
Norwood, MA 2062
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Norwood
In the Norwood area, 24 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 147) and received an average PPP loan of $930,832 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Jack Madden Ford Sales Inc
Norwood Subaru, Inc
DCD C Norwood Inc
Herb Chambers Boston Turnpike Inc
W. N Motors Inc
Norwood Cadillac Ventures, Inc
Central Motors Inc Of Norwood
Fredrickson Bros Inc
DMO Norwood LLC
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 65% lower than DCD Bh Inc's reported 147 employees, and received an average PPP loan of $618,860, 71% lower than this company's loan of $2.17M.
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Footnotes & Information
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