PPP Loan Data — Doughty & Sons, Inc, Woburn, MA
Doughty & Sons, Inc
Entity: Subchapter S Corporation
Location: Woburn, MATweet This • Search All PPP Data
Doughty & Sons, Inc is a subchapter s corporation located at 8 Campbell St in Woburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $45,779.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rockland Trust Company
Doughty & Sons, Inc in Woburn, MA received a Paycheck Protection Loan of $45,779 through Rockland Trust Company, 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, Doughty & Sons, Inc's 2019 payroll expenses are estimated to be at least $219,739.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,935 per employee1
Reported PPP Proceed Usage:
On the PPP application, Doughty & Sons, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,779
Business Information - Doughty & Sons, Inc in Woburn, MA
8 Campbell St
Woburn, MA 1801
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Woburn
In the Woburn area, 48 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 4) and received an average PPP loan of $209,647 (compared to this company's $45,779).
Similar Nearby Businesses Who Received PPP Funding:
Kennedy Mechanical Inc
Cannella Brothers, Inc
SJM Heating And Cooling LLC
MPK Enterprises Inc
Chiller Technology, Inc
A. J. Black Inc
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 150% higher than Doughty & Sons, Inc's reported 4 employees, and received an average PPP loan of $123,520, 170% higher than this company's loan of $45,779.
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