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PPP Loan Data — Robert B Our Co Inc,
Harwich, MA
Robert B Our Co Inc
Entity: Corporation
Industry: Water and Sewer Line and Related Structures Construction
Location: Harwich, MA
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Robert B Our Co Inc is a corporation located at 24 Great Western Rd in Harwich, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 152 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2337888404
Loan Size:
Jobs Retained:
152Loan Approved:
2021-02-03Loan Status:
Paid in Full or ForgivenLender:
The Cooperative Bank of Cape CodRobert B Our Co Inc in Harwich, MA received a Paycheck Protection Loan of $2M through The Cooperative Bank of Cape Cod, which was approved in February, 2021.
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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert B Our Co Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $63,158 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert B Our Co Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Robert B Our Co Inc in Harwich, MA
24 Great Western Rd
Harwich, MA 2645
Business Industry:
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Robert B Our Co Inc.
B & C Fisheries LLC
General Freight Trucking, Local
Robert B Our Marine Division LLC
Water and Sewer Line and Related Structures Construction
Similar Companies near Harwich
In the Harwich area, 4 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 152) and received an average PPP loan of $1,494,996 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Robert B Our Marine Division LLC
Harwich, MA
CFC Construction LLC
Forestdale, MA
Industry PPP Comparison Statistics
Nationwide, 8,803 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 89% lower than Robert B Our Co Inc's reported 152 employees, and received an average PPP loan of $219,053, 89% lower than this company's loan of $2M.
Robert B. Our Co. Inc
Entity: Corporation
Industry: Water and Sewer Line and Related Structures Construction
Location: Harwich, MA
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Robert B. Our Co. Inc is a corporation located at 24 Great Western Rd in Harwich, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,657,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 183 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4793067009
Loan Size:
Jobs Retained:
183Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
The Cooperative Bank of Cape CodRobert B. Our Co. Inc in Harwich, MA received a Paycheck Protection Loan of $3.66M through The Cooperative Bank of Cape Cod, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert B. Our Co. Inc's 2019 payroll expenses are estimated to be at least $17.56M.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $95,942 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert B. Our Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,657,800
Business Information - Robert B. Our Co. Inc in Harwich, MA
24 Great Western Rd
Harwich, MA 2645
Business Industry:
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Robert B. Our Co. Inc.
B & C Fisheries LLC
General Freight Trucking, Local
Robert B Our Marine Division LLC
Water and Sewer Line and Related Structures Construction
Similar Companies near Harwich
In the Harwich area, 4 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 183) and received an average PPP loan of $1,494,996 (compared to this company's $3.66M).
Similar Nearby Businesses Who Received PPP Funding:
Robert B Our Marine Division LLC
Harwich, MA
CFC Construction LLC
Forestdale, MA
Industry PPP Comparison Statistics
Nationwide, 8,803 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 91% lower than Robert B. Our Co. Inc's reported 183 employees, and received an average PPP loan of $219,053, 94% lower than this company's loan of $3.66M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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