PPP Loan Data — Kennebunkport Conservation Trust, Cape Porpoise, ME
Kennebunkport Conservation Trust is a non-profit organization located at Po Box 7004 in Cape Porpoise, Maine that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Kennebunk Savings Bank
Kennebunkport Conservation Trust in Cape Porpoise, ME received a Paycheck Protection Loan of $46,300 through Kennebunk Savings 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, Kennebunkport Conservation Trust's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kennebunkport Conservation Trust reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Kennebunkport Conservation Trust in Cape Porpoise, ME
Po Box 7004
Cape Porpoise, ME 4014
Administration of Conservation Programs
NAICS code 924120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 373 businesses in the "Administration of Conservation Programs" industry received a total of $44.7M 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, 200% higher than Kennebunkport Conservation Trust's reported 4 employees, and received an average PPP loan of $119,849, 159% higher than this company's loan of $46,300.
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Footnotes & Information
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