PPP Loan Data — J Dansky Crane Service Inc, Holbrook, MA
J Dansky Crane Service Inc is a subchapter s corporation located at 20 Grove Avenue in Holbrook, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,857.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
J Dansky Crane Service Inc in Holbrook, MA received a Paycheck Protection Loan of $46,857 through Abington Bank, which was approved in May, 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 March, 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, J Dansky Crane Service Inc's 2019 payroll expenses are estimated to be at least $224,914.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,971 per employee1
Reported PPP Proceed Usage:
On the PPP application, J Dansky Crane Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,857
Business Information - J Dansky Crane Service Inc in Holbrook, MA
20 Grove Avenue
Holbrook, MA 2343
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Holbrook
In the Holbrook area, 5 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $295,097 (compared to this company's $46,857).
Similar Nearby Businesses Who Received PPP Funding:
Mutual Fence Company, LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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, 167% higher than J Dansky Crane Service Inc's reported 3 employees, and received an average PPP loan of $86,076, 84% higher than this company's loan of $46,857.
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Footnotes & Information
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