PPP Loan Data — Rockn Crab Aquatics, Windham, NH
Rockn Crab Aquatics is a limited liability partnership located at 12 Cobblestone Rd in Windham, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Rockn Crab Aquatics in Windham, NH received a Paycheck Protection Loan of $46,400 through Citizens Bank, National Association, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Rockn Crab Aquatics' 2019 payroll expenses are estimated to be at least $222,720 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Rockn Crab Aquatics reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,396
- Utilities: $1
Business Information - Rockn Crab Aquatics in Windham, NH
12 Cobblestone Rd
Windham, NH 3087
All Other Miscellaneous Manufacturing
NAICS code 339999
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Windham
In the Windham area, 7 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $27,467 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Visibility, LLC
Rock'n Crab Aquatics LLC
Cottage Creek Candle Company
Stony Brook Candle Company LLC
Sea Stones Inc
Industry PPP Comparison Statistics
Nationwide, 17,359 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B 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 12 employees, 500% higher than Rockn Crab Aquatics' reported 2 employees, and received an average PPP loan of $118,586, 156% higher than this company's loan of $46,400.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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