PPP Loan Data — P&P Donuts, LLC, Weston, MA
P&P Donuts, LLC is a limited liability company (LLC) located at 84 88 Boston Post Road in Weston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
P&P Donuts, LLC in Weston, MA received a Paycheck Protection Loan of $47,000 through Citizens 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 May, 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, P&P Donuts, LLC's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $25,067 per employee1
Reported PPP Proceed Usage:
On the PPP application, P&P Donuts, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - P&P Donuts, LLC in Weston, MA
84 88 Boston Post Road
Weston, MA 2493
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Weston
In the Weston area, 21 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 9) and received an average PPP loan of $76,924 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Forklift Catering LLC
Needham Heights, MA
Dumpling Daughter, Inc
Latin-A Group, LLC
David Gray Associates Inc
David Gray Associates Inc. Dairy Joy
D & L Enterprises Inc
SOL Soul Family Foods LLC
French Press LLC
Good Ventures Holdings, Inc
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, 133% higher than P&P Donuts, LLC's reported 9 employees, and received an average PPP loan of $100,980, 115% higher than this company's loan of $47,000.
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Footnotes & Information
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