PPP Loan Data — Massachusetts Crease LLC, Abington, MA
Massachusetts Crease LLC is a limited liability company (LLC) located at 78 Crabtree Ln in Abington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,314.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rockland Trust Company
Massachusetts Crease LLC in Abington, MA received a Paycheck Protection Loan of $25,314 through Rockland Trust Company, 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 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, Massachusetts Crease LLC's 2019 payroll expenses are estimated to be at least $121,507.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,502 per employee1
Reported PPP Proceed Usage:
On the PPP application, Massachusetts Crease LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,314
Business Information - Massachusetts Crease LLC in Abington, MA
78 Crabtree Ln
Abington, MA 2351
Fitness and Recreational Sports Centers
NAICS code 713940
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Abington
In the Abington area, 2 businesses in the "Fitness and Recreational Sports Centers" 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 $14,363 (compared to this company's $25,314).
Similar Nearby Businesses Who Received PPP Funding:
Christopher J Walsh
Industry PPP Comparison Statistics
Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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, 300% higher than Massachusetts Crease LLC's reported 3 employees, and received an average PPP loan of $47,823, 89% higher than this company's loan of $25,314.
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Footnotes & Information
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