PPP Loan Data — Scott Ryan Construction LLC, Sandwich, MA
Scott Ryan Construction LLC
Entity: Limited Liability Company (LLC)
Location: Sandwich, MATweet This • Search All PPP Data
Scott Ryan Construction LLC is a limited liability company (LLC) located at 10 Dale Ter in Sandwich, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,333.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Scott Ryan Construction LLC in Sandwich, MA received a Paycheck Protection Loan of $25,333 through Eastern 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, Scott Ryan Construction LLC's 2019 payroll expenses are estimated to be at least $121,598.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,799 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott Ryan Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,333
Business Information - Scott Ryan Construction LLC in Sandwich, MA
10 Dale Ter
Sandwich, MA 2563
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sandwich
In the Sandwich area, 21 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $40,301 (compared to this company's $25,333).
Similar Nearby Businesses Who Received PPP Funding:
RGH Builders Inc
Cooper Construction Inc
Sagamore Beach, MA
Teixeira Construction, Inc
The Cox Corporation
Bannon Custom Builders Corporation
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Scott Ryan Construction LLC's reported 2 employees, and received an average PPP loan of $45,182, 78% higher than this company's loan of $25,333.
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Footnotes & Information
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