PPP Loan Data — Dufficy Enterprises, Inc, Franklin, MA
Dufficy Enterprises, Inc is a subchapter s corporation located at 2 Mill St in Franklin, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,585,800.00 in April, 2020. This business is a Domino's franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bristol County Savings Bank
Dufficy Enterprises, Inc in Franklin, MA received a Paycheck Protection Loan of $1.59M through Bristol County Savings Bank, 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, Dufficy Enterprises, Inc's 2019 payroll expenses are estimated to be at least $7.61M.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $31,069 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dufficy Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,585,800
Business Information - Dufficy Enterprises, Inc in Franklin, MA
2 Mill St
Franklin, MA 2038
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Franklin
In the Franklin area, 36 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 245) and received an average PPP loan of $154,583 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Lee’S Kitchen Inc
JAI Ho Group Inc
The Chateau Restaurant Of Franklin Inc
Rome Restaurant Inc
M And C Restaurant Group Inc
Spruce Pond Creamery
TTN Thai Food Inc
Chang Shen, Inc
Jimmy Ds LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 91% lower than Dufficy Enterprises, Inc's reported 245 employees, and received an average PPP loan of $129,504, 92% lower than this company's loan of $1.59M.
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Footnotes & Information
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