PPP Loan Data — Lakes Region Humane Society LLC, Ossipee, NH
Lakes Region Humane Society LLC is a professional association located at 11 Old Route 28 in Ossipee, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Meredith Village Savings Bank
Lakes Region Humane Society LLC in Ossipee, NH received a Paycheck Protection Loan of $45,800 through Meredith Village 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, Lakes Region Humane Society LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lakes Region Humane Society LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Lakes Region Humane Society LLC in Ossipee, NH
11 Old Route 28
Ossipee, NH 3864
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ossipee
In the Ossipee area, 4 businesses in the "Pet Care (except Veterinary) Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $57,929 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
K9'S Training And Doggy Daycare Facility LLC
Free Dog Pet Care Inc
Industry PPP Comparison Statistics
Nationwide, 32,185 businesses in the "Pet Care (except Veterinary) Services" industry received a total of $1.07B 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 6 employees, 25% lower than Lakes Region Humane Society LLC's reported 8 employees, and received an average PPP loan of $33,319, 27% lower than this company's loan of $45,800.
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Footnotes & Information
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