PPP Loan Data — Dragon Travel Inc, Newton, MA
Dragon Travel Inc is a corporation located at 679 Boylston St # 2 in Newton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $24,870.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Dragon Travel Inc in Newton, MA received a Paycheck Protection Loan of $24,870 through JPMorgan Chase Bank, National Association, which was approved in April, 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, Dragon Travel Inc's 2019 payroll expenses are estimated to be at least $119,376.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,938 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dragon Travel Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,870
Business Information - Dragon Travel Inc in Newton, MA
679 Boylston St # 2
Newton, MA 2459
Scenic and Sightseeing Transportation, Land
NAICS code 487110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,955 businesses in the "Scenic and Sightseeing Transportation, Land" industry received a total of $114.59M 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 9 employees, 10% lower than Dragon Travel Inc's reported 10 employees, and received an average PPP loan of $58,612, 136% higher than this company's loan of $24,870.
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Footnotes & Information
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