PPP Loan Data — Hiller Disposal Inc, Lakeville, MA
Hiller Disposal Inc is a subchapter s corporation located at 7 County St in Lakeville, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bristol County Savings Bank
Hiller Disposal Inc in Lakeville, MA received a Paycheck Protection Loan of $46,000 through Bristol County Savings Bank, 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, Hiller Disposal Inc's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hiller Disposal Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Hiller Disposal Inc in Lakeville, MA
7 County St
Lakeville, MA 2347
Solid Waste Collection
NAICS code 562111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,891 businesses in the "Solid Waste Collection" industry received a total of $616.17M 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 15 employees, 275% higher than Hiller Disposal Inc's reported 4 employees, and received an average PPP loan of $158,359, 244% higher than this company's loan of $46,000.
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Footnotes & Information
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