PPP Loan Data — Kreative Contruction Inc, Stoughton, MA
Kreative Contruction Inc is a corporation located at 630 Park Street in Stoughton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $47,181.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Stoughton Co-Operative Bank
Kreative Contruction Inc in Stoughton, MA received a Paycheck Protection Loan of $47,181 through Stoughton Co-Operative 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, Kreative Contruction Inc's 2019 payroll expenses are estimated to be at least $226,469.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,490 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kreative Contruction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,181
Business Information - Kreative Contruction Inc in Stoughton, MA
630 Park Street
Stoughton, MA 2072
NAICS code 236118
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
Similar Companies near Stoughton
In the Stoughton area, 21 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $25,033 (compared to this company's $47,181).
Similar Nearby Businesses Who Received PPP Funding:
Reliable Window And Siding Inc Reliable Window And Siding
Kreative Construction Inc
RCO Renovations, Inc
South Walpole, MA
G-Rupp Remodeling Inc
Mccabe ConstructionDBA Vincent Mccabe
Khan Construction LLC
Costeira Construction And Renovation Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by Kreative Contruction Inc and received an average PPP loan of $30,405, 36% lower than this company's loan of $47,181.
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Footnotes & Information
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