PPP Loan Data — K.m. Favre & Co.,Inc, Pittsfield, MA
K.m. Favre & Co.,Inc is a corporation located at 15 Orca St in Pittsfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
K.m. Favre & Co.,Inc in Pittsfield, MA received a Paycheck Protection Loan of $25,100 through Greylock FCU, 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, K.m. Favre & Co.,Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, K.m. Favre & Co.,Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - K.m. Favre & Co.,Inc in Pittsfield, MA
15 Orca St
Pittsfield, MA 1201
NAICS code 541330
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: Rural
Similar Companies near Pittsfield
In the Pittsfield area, 10 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 4) and received an average PPP loan of $207,940 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Finn & Associates Consulting Engineers, Inc
EDM Services, Inc
Berkshire Design, Inc
White Engineering Inc
Foresight Land Services, Inc
SK Design Group Inc
Barry Engineers & Constructors,Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 225% higher than K.m. Favre & Co.,Inc's reported 4 employees, and received an average PPP loan of $194,873, 676% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
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