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PPP Loan Data — Rome's Barber Shop, Plainville, MA

ALERT: There are 2 PPP loans for a total of $24,403 in our database for businesses with the name "Rome's Barber Shop" in Plainville, MA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Rome's Barber Shop
MA

Rome's Barber Shop

Entity: Self-employed Individual

Industry: All Other Personal Services

Location: Plainville, MA

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Rome's Barber Shop is a self-employed individual located in Plainville, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $10,328.00 in June, 2020.

$ PPP Loan Information
Loan #9148287909

Loan Size:

$10,328

Jobs Retained:

1

Loan Approved:

2020-06-19

Loan Status:

Ongoing Loan

Lender:

Celtic Bank Corporation

Rome's Barber Shop in Plainville, MA received a Paycheck Protection Loan of $10,328 through Celtic Bank Corporation, which was approved in June, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Rome's Barber Shop reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,328

Business Information - Rome's Barber Shop in Plainville, MA

Rome's Barber Shop
Plainville, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Personal Services
NAICS code 812990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Norfolk County, MA — SBA Office 0101 — Congressional District: MA-04

Similar Companies near Plainville

In the Plainville area, 4 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $5,135 (compared to this company's $10,328).

Industry PPP Comparison Statistics

Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 3 employees, 200% higher than Rome's Barber Shop's reported 1 employees, and received an average PPP loan of $23,676, 129% higher than this company's loan of $10,328.

SBA PPP loan data, payroll data, and salaries for Romes Barber Shop
MA

Romes Barber Shop

Entity: Sole Proprietorship

Industry: Barber Shops

Location: Plainville, MA

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Romes Barber Shop is a sole proprietorship located in Plainville, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $14,075.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3100357300

Loan Size:

$14,075

Jobs Retained:

1

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

Bluestone Bank

Romes Barber Shop in Plainville, MA received a Paycheck Protection Loan of $14,075 through Bluestone Bank, 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 January, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Romes Barber Shop reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,875
  • Utilities: $588
  • Rent: $3,612

Business Information - Romes Barber Shop in Plainville, MA

Romes Barber Shop
Plainville, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Barber Shops
NAICS code 812111

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

Norfolk County, MA — SBA Office 0101 — Congressional District: MA-04

Similar Companies near Plainville

In the Plainville area, 5 businesses in the "Barber Shops" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $22,603 (compared to this company's $14,075).

Industry PPP Comparison Statistics

Nationwide, 135,477 businesses in the "Barber Shops" industry received a total of $2.46B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 100% higher than Romes Barber Shop's reported 1 employees, and received an average PPP loan of $18,164, 29% higher than this company's loan of $14,075.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/romes-barber-shop-plainville-ma