PPP Loan Data — Frederick Cafasso & Sons Inc, Everett, MA
Frederick Cafasso & Sons Inc is a corporation located at 65 Clark Street in Everett, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,841.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Frederick Cafasso & Sons Inc in Everett, MA received a Paycheck Protection Loan of $46,841 through Eagle 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 January, 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, Frederick Cafasso & Sons Inc's 2019 payroll expenses are estimated to be at least $224,837.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,209 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frederick Cafasso & Sons Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,841
Business Information - Frederick Cafasso & Sons Inc in Everett, MA
65 Clark Street
Everett, MA 2149
Funeral Homes and Funeral Services
NAICS code 812210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Everett
In the Everett area, 12 businesses in the "Funeral Homes and Funeral Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $33,052 (compared to this company's $46,841).
Similar Nearby Businesses Who Received PPP Funding:
Weir Funeral Home Servic
JF Ward Inc
A. J. Spadafora Funeral Home, Inc
A J Spadafora Funeral Ho
Goldman Funeral Chapel, Inc
Weir Funeral Service, Inc
Salvatore Rocco And Sons Inc
Industry PPP Comparison Statistics
Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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 8 employees, 100% higher than Frederick Cafasso & Sons Inc's reported 4 employees, and received an average PPP loan of $61,448, 31% higher than this company's loan of $46,841.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!