PPP Loan Data — Harbor House Of Pizza, Scituate, MA
Harbor House Of Pizza is a corporation located at 94 Front Street in Scituate, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,362.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Rockland Trust Company
Harbor House Of Pizza in Scituate, MA received a Paycheck Protection Loan of $25,362 through Rockland Trust Company, 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, Harbor House Of Pizza's 2019 payroll expenses are estimated to be at least $121,738.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,526 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harbor House Of Pizza reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,362
Business Information - Harbor House Of Pizza in Scituate, MA
94 Front Street
Scituate, MA 2066
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scituate
In the Scituate area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 9) and received an average PPP loan of $156,943 (compared to this company's $25,362).
Similar Nearby Businesses Who Received PPP Funding:
Harbor Donuts LLC
Driftway Donuts LLC
J.d. Pizza, Inc
Sharon Donuts Inc
Jackson Square Donuts LLC
A.m. Pizza, Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 133% higher than Harbor House Of Pizza's reported 9 employees, and received an average PPP loan of $100,980, 298% higher than this company's loan of $25,362.
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Footnotes & Information
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