PPP Loan Data — Piwal LLC, East Walpole, MA
Piwal LLC is a limited liability company (LLC) located at 555 Providence Hwy in East Walpole, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,430.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least twenty people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Santander Bank, National Association
Piwal LLC in East Walpole, MA received a Paycheck Protection Loan of $46,430 through Santander Bank, National Association, 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 April, 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, Piwal LLC's 2019 payroll expenses are estimated to be at least $222,864.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $11,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Piwal LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,430
Business Information - Piwal LLC in East Walpole, MA
555 Providence Hwy
East Walpole, MA 2032
NAICS code 722513
Business Owner Demographics
Ethnicity: 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 East Walpole
In the East Walpole area, 3 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 20) and received an average PPP loan of $57,799 (compared to this company's $46,430).
Similar Nearby Businesses Who Received PPP Funding:
East Walpole, MA
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 5% higher than Piwal LLC's reported 20 employees, and received an average PPP loan of $100,980, 117% higher than this company's loan of $46,430.
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Footnotes & Information
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