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PPP Loan Data — Robert B. Our Co. Inc., Harwich, MA

SBA PPP loan data, payroll data, and salaries for Robert B. Our Co. Inc.
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 $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 Size:

$3.66M

Jobs Retained:

183

Loan Approved:

2020-04-04

Lender:

THE COOPERATIVE BANK OF CAPE COD

Robert 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.

Based on standard PPP eligibility rules, Robert B. Our Co. Inc.'s total 2019 payroll expenses were approximately $17.56M in order to qualify for the PPP loan amount received.

Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $95,942 per employee1.

Because the loan received by Robert B. Our Co. Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Robert B. Our Co. Inc. in Harwich, MA

Robert B. Our Co. Inc.
24 Great Western Rd
Harwich, MA 02645

Business Industry

Water and Sewer Line and Related Structures Construction (NAICS code 237110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MA-09

Industry PPP Comparison Statistics

Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

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 $261,987, 93% 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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/robert-b-our-co-inc-harwich-ma