PPP Loan Data — Moultonborough Child's Place, LLC, Moultonborough, NH
Moultonborough Child's Place, LLC is a corporation located at 903 Whittier Highway in Moultonborough, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Meredith Village Savings Bank
Moultonborough Child's Place, LLC in Moultonborough, NH received a Paycheck Protection Loan of $24,900 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 February, 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, Moultonborough Child's Place, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moultonborough Child's Place, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Moultonborough Child's Place, LLC in Moultonborough, NH
903 Whittier Highway
Moultonborough, NH 3254
Child Day Care Services
NAICS code 624410
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: Rural
Similar Companies near Moultonborough
In the Moultonborough area, 7 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $45,282 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Moultonborough Learning Center LLC
Inter-Lakes Day Care Center, Inc
Kidworks Learning Center
Kidworks Learning Center Inc
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B 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 8 employees, 100% higher than Moultonborough Child's Place, LLC's reported 4 employees, and received an average PPP loan of $41,676, 67% higher than this company's loan of $24,900.
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Footnotes & Information
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