PPP Loan Data — Parker Building & Construction, LLC, Brooksville, ME
Parker Building & Construction, LLC
Entity: Limited Liability Company (LLC)
Location: Brooksville, METweet This • Search All PPP Data
Parker Building & Construction, LLC is a limited liability company (LLC) located at 12 Cornfield Hill Rd in Brooksville, Maine that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bar Harbor Bank & Trust
Parker Building & Construction, LLC in Brooksville, ME received a Paycheck Protection Loan of $47,100 through Bar Harbor Bank & Trust, 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, Parker Building & Construction, LLC's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parker Building & Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - Parker Building & Construction, LLC in Brooksville, ME
12 Cornfield Hill Rd
Brooksville, ME 4617
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Brooksville
In the Brooksville area, 3 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $26,758 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
William Jagger Builders Inc
Matthew S Freedman DBA MS Freedman & Co. Builders
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, 29% lower than Parker Building & Construction, LLC's reported 7 employees, and received an average PPP loan of $45,182, 4% lower than this company's loan of $47,100.
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Footnotes & Information
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