PPP Loan Data — New Bedford Pest Control Inc, New Bedford, MA
New Bedford Pest Control Inc is a subchapter s corporation located at 113 Allen St in New Bedford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,375.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Citizens FCU
New Bedford Pest Control Inc in New Bedford, MA received a Paycheck Protection Loan of $46,375 through First Citizens FCU, which was approved in April, 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, New Bedford Pest Control Inc's 2019 payroll expenses are estimated to be at least $222,600.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Bedford Pest Control Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,375
Business Information - New Bedford Pest Control Inc in New Bedford, MA
113 Allen St
New Bedford, MA 2740
Exterminating and Pest Control Services
NAICS code 561710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,446 businesses in the "Exterminating and Pest Control Services" industry received a total of $713.27M 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 8 employees, 167% higher than New Bedford Pest Control Inc's reported 3 employees, and received an average PPP loan of $62,316, 34% higher than this company's loan of $46,375.
FederalPay's PPP Information Policy
Footnotes & Information
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