PPP Loan Data — Dltc, Inc, Rockport, ME
Dltc, Inc is a corporation located at 477 Commercial St in Rockport, Maine that received a Coronavirus-related PPP loan from the SBA of $1,516,900.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 102 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Dltc, Inc in Rockport, ME received a Paycheck Protection Loan of $1.52M through KeyBank National Association, which was approved in May, 2020.
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, Dltc, Inc's 2019 payroll expenses are estimated to be at least $7.28M.
Based on their reported 102 jobs retained, this equals an estimated average yearly compensation of $71,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dltc, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,516,900
Business Information - Dltc, Inc in Rockport, ME
477 Commercial St
Rockport, ME 4856
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 10,259 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.84B 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 30 employees, 71% lower than Dltc, Inc's reported 102 employees, and received an average PPP loan of $179,299, 88% lower than this company's loan of $1.52M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!