PPP Loan Data — Mattapoisett Community Sailing Association, Inc, Mattapoisett, MA
Mattapoisett Community Sailing Association, Inc is a non-profit organization located at 18 Tupola Lane in Mattapoisett, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,079.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Mattapoisett Community Sailing Association, Inc in Mattapoisett, MA received a Paycheck Protection Loan of $25,079 through BayCoast Bank, which was approved in June, 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, Mattapoisett Community Sailing Association, Inc's 2019 payroll expenses are estimated to be at least $120,379.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,375 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mattapoisett Community Sailing Association, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,079
Business Information - Mattapoisett Community Sailing Association, Inc in Mattapoisett, MA
18 Tupola Lane
Mattapoisett, MA 2739
Civic and Social Organizations
NAICS code 813410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mattapoisett
In the Mattapoisett area, 4 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 9) and received an average PPP loan of $8,357 (compared to this company's $25,079).
Similar Nearby Businesses Who Received PPP Funding:
Buzzards Bay Action Committee Inc
Industry PPP Comparison Statistics
Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 122% higher than Mattapoisett Community Sailing Association, Inc's reported 9 employees, and received an average PPP loan of $140,085, 459% higher than this company's loan of $25,079.
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Footnotes & Information
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