PPP Loan Data — Erin Inc, DBA Purple Poppy, Mashpee, MA
Erin Inc, DBA Purple Poppy
Location: Mashpee, MATweet This • Search All PPP Data
Erin Inc, DBA Purple Poppy is a corporation located at 21 Central Sq in Mashpee, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Martha's Vineyard Bank
Erin Inc, DBA Purple Poppy in Mashpee, MA received a Paycheck Protection Loan of $25,200 through Martha's Vineyard 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 April, 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, Erin Inc, DBA Purple Poppy's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Erin Inc, DBA Purple Poppy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Erin Inc, DBA Purple Poppy in Mashpee, MA
21 Central Sq
Mashpee, MA 2649
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mashpee
In the Mashpee area, 12 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $22,205 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Resort Retail Group LLC
Osterville Needlepoint Shop LLC
Marstons Mills, MA
Leather Outlet Inc
Creative Hands Inc
US Public Safety Group Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 20% lower than Erin Inc, DBA Purple Poppy's reported 5 employees, and received an average PPP loan of $34,329, 36% higher than this company's loan of $25,200.
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