PPP Loan Data — Robert Burns Masonry Contractor, Cressona, PA
Robert Burns Masonry Contractor is a self-employed individual located at 11 Harmony Hill in Cressona, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,993.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Robert Burns Masonry Contractor in Cressona, PA received a Paycheck Protection Loan of $24,993 through Cross River Bank, which was approved in August, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Robert Burns Masonry Contractor's 2019 payroll expenses are estimated to be at least $119,966.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,989 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert Burns Masonry Contractor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,993
Business Information - Robert Burns Masonry Contractor in Cressona, PA
11 Harmony Hill
Cressona, PA 17929
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Cressona
In the Cressona area, 2 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $22,246 (compared to this company's $24,993).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 133% higher than Robert Burns Masonry Contractor's reported 3 employees, and received an average PPP loan of $45,205, 81% higher than this company's loan of $24,993.
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Footnotes & Information
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