PPP Loan Data — Michael B Browher DBA: Browher Construction, Meredith, NH
Michael B Browher DBA: Browher Construction
Entity: Sole Proprietorship
Location: Meredith, NHTweet This • Search All PPP Data
Michael B Browher DBA: Browher Construction is a sole proprietorship located at 25 Serenity Lane in Meredith, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Meredith Village Savings Bank
Michael B Browher DBA: Browher Construction in Meredith, NH received a Paycheck Protection Loan of $25,400 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 June, 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, Michael B Browher DBA: Browher Construction's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael B Browher DBA: Browher Construction reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Michael B Browher DBA: Browher Construction in Meredith, NH
25 Serenity Lane
Meredith, NH 3253
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Meredith
In the Meredith area, 15 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $45,909 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Mattei Construction LLC
Bonner Builders LLC
Bella Woods Building & Remodeling LLC
Hayward And Company Log And Timber Homes, LLC
Prime Construction Inc
Inter-Lakes Builders LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 67% higher than Michael B Browher DBA: Browher Construction's reported 3 employees, and received an average PPP loan of $45,182, 78% higher than this company's loan of $25,400.
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Footnotes & Information
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