PPP Loan Data — Sally P Heaney, Auburn, MA
Sally P Heaney is a sole proprietorship located at 421 Washington Street in Auburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Savers Co-Operative Bank
Sally P Heaney in Auburn, MA received a Paycheck Protection Loan of $25,000 through Savers Co-Operative Bank, which was approved in May, 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, Sally P Heaney's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sally P Heaney reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Sally P Heaney in Auburn, MA
421 Washington Street
Auburn, MA 1501
Fine Arts Schools
NAICS code 611610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Auburn
In the Auburn area, 3 businesses in the "Fine Arts Schools" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 14) and received an average PPP loan of $11,738 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Lucy Johnson Fitzgerald Dance Studio
Catherine A Giuliana DBA Cathy Taylor School Of Dance
Industry PPP Comparison Statistics
Nationwide, 15,142 businesses in the "Fine Arts Schools" industry received a total of $529.25M 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 8 employees, 43% lower than Sally P Heaney's reported 14 employees, and received an average PPP loan of $34,953, 40% higher than this company's loan of $25,000.
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