PPP Loan Data — D.w. Fish Family Farm, Bolton, CT
D.w. Fish Family Farm is a corporation located at 20 Dimock Ln in Bolton, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least fourteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Jewett City Savings Bank
D.w. Fish Family Farm in Bolton, CT received a Paycheck Protection Loan of $25,200 through Jewett City Savings Bank, 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 June, 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, D.w. Fish Family Farm's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, D.w. Fish Family Farm reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - D.w. Fish Family Farm in Bolton, CT
20 Dimock Ln
Bolton, CT 6043
Dairy Cattle and Milk Production
NAICS code 112120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 24,315 businesses in the "Dairy Cattle and Milk Production" industry received a total of $1.23B 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 6 employees, 57% lower than D.w. Fish Family Farm's reported 14 employees, and received an average PPP loan of $50,558, 101% higher than this company's loan of $25,200.
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Footnotes & Information
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