PPP Loan Data — S & S Overhead Doors LLC, Waltham, MA
S & S Overhead Doors LLC is a limited liability company (LLC) located at 124 Farnum Road in Waltham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,095.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Watertown Savings Bank
S & S Overhead Doors LLC in Waltham, MA received a Paycheck Protection Loan of $25,095 through Watertown Savings Bank, which was approved in April, 2020.
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, S & S Overhead Doors LLC's 2019 payroll expenses are estimated to be at least $120,456.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, S & S Overhead Doors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,095
Business Information - S & S Overhead Doors LLC in Waltham, MA
124 Farnum Road
Waltham, MA 2453
Other Building Equipment Contractors
NAICS code 238290
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Waltham
In the Waltham area, 5 businesses in the "Other Building Equipment Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 3) and received an average PPP loan of $263,250 (compared to this company's $25,095).
Similar Nearby Businesses Who Received PPP Funding:
Vanaria Bros Inc
Mobile Insulation Co Inc
ECA Solar LLC
Industry PPP Comparison Statistics
Nationwide, 8,769 businesses in the "Other Building Equipment Contractors" industry received a total of $1.24B 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 11 employees, 267% higher than S & S Overhead Doors LLC's reported 3 employees, and received an average PPP loan of $141,619, 464% higher than this company's loan of $25,095.
FederalPay's PPP Information Policy
Footnotes & Information
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