PPP Loan Data — Russell O'neill DBA None, Groveland, MA
Russell O'neill DBA None is a sole proprietorship located at 6 Wood Street in Groveland, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $24,875.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Russell O'neill DBA None in Groveland, MA received a Paycheck Protection Loan of $24,875 through Eastern Bank, which was approved in May, 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 May, 2021.
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, Russell O'neill DBA None's 2019 payroll expenses are estimated to be at least $119,400.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,700 per employee1
Reported PPP Proceed Usage:
On the PPP application, Russell O'neill DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,875
Business Information - Russell O'neill DBA None in Groveland, MA
6 Wood Street
Groveland, MA 1834
Finish Carpentry Contractors
NAICS code 238350
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Groveland
In the Groveland area, 8 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $21,983 (compared to this company's $24,875).
Similar Nearby Businesses Who Received PPP Funding:
Georgetown Door & Window Co., Inc
Industry PPP Comparison Statistics
Nationwide, 28,703 businesses in the "Finish Carpentry Contractors" industry received a total of $1.11B 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 4 employees, 100% higher than Russell O'neill DBA None's reported 2 employees, and received an average PPP loan of $38,555, 55% higher than this company's loan of $24,875.
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Footnotes & Information
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