PPP Loan Data — Joliat Contracting, Burlington, MA
Entity: Sole Proprietorship
Location: Burlington, MATweet This • Search All PPP Data
Joliat Contracting is a sole proprietorship located at 13 Marjorie Rd in Burlington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,123.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cambridge Savings Bank
Joliat Contracting in Burlington, MA received a Paycheck Protection Loan of $25,123 through Cambridge Savings 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, Joliat Contracting's 2019 payroll expenses are estimated to be at least $120,590.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,295 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joliat Contracting reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,123
- Refinance EIDL: $2,000
Business Information - Joliat Contracting in Burlington, MA
13 Marjorie Rd
Burlington, MA 1803
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burlington
In the Burlington area, 7 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $172,179 (compared to this company's $25,123).
Similar Nearby Businesses Who Received PPP Funding:
Your Space Landscape & Construction Inc
Gutierrez Construction Co.,
JPI Business Services, LLC
Homes Development Corporation
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 500% higher than Joliat Contracting's reported 2 employees, and received an average PPP loan of $157,325, 526% higher than this company's loan of $25,123.
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Footnotes & Information
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