PPP Loan Data — Piatt Associates, Inc, Milton, MA
Piatt Associates, Inc is a corporation located at 34 Century Ln in Milton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Bank of Canton
Piatt Associates, Inc in Milton, MA received a Paycheck Protection Loan of $25,200 through The Bank of Canton, which was approved in May, 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, Piatt Associates, Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Piatt Associates, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,900
- Utilities: $6,300
Business Information - Piatt Associates, Inc in Milton, MA
34 Century Ln
Milton, MA 2186
NAICS code 541310
Business Owner Demographics
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 Milton
In the Milton area, 10 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $23,554 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Taniya Nayak Design Inc
Architectural Solutions, Inc
Mass Architect, LLC
Michael Blutt DBA Michael Blutt Architecture
The Arch Professional Group Inc
Rosa Design & Construction LLC
GPH Design, LLC
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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, 300% higher than Piatt Associates, Inc's reported 2 employees, and received an average PPP loan of $129,489, 414% higher than this company's loan of $25,200.
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Footnotes & Information
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