PPP Loan Data — Mucci Imports, LLC, Dedham, MA
Mucci Imports, LLC
Entity: Limited Liability Company (LLC)
Location: Dedham, MATweet This • Search All PPP Data
Mucci Imports, LLC is a limited liability company (LLC) located at 282 Highland Street in Dedham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a 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
Mucci Imports, LLC in Dedham, MA received a Paycheck Protection Loan of $46,000 through Berkshire 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, Mucci Imports, LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mucci Imports, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Mucci Imports, LLC in Dedham, MA
282 Highland Street
Dedham, MA 2026
Wine and Distilled Alcoholic Beverage Merchant Wholesalers
NAICS code 424820
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: Urban
Similar Companies near Dedham
In the Dedham area, 3 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $57,244 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Fine Estates From Spain Inc
Industry PPP Comparison Statistics
Nationwide, 3,421 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $468.84M 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, 200% higher than Mucci Imports, LLC's reported 4 employees, and received an average PPP loan of $137,047, 198% higher than this company's loan of $46,000.
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Footnotes & Information
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