PPP Loan Data — Severino Trucking Co., Inc, Candia, NH
Severino Trucking Co., Inc is a subchapter s corporation located at 512 Raymond Rd Po Box 202 in Candia, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $2,548,191.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Severino Trucking Co., Inc in Candia, NH received a Paycheck Protection Loan of $2.55M 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, Severino Trucking Co., Inc's 2019 payroll expenses are estimated to be at least $12.23M.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $80,469 per employee1
Reported PPP Proceed Usage:
On the PPP application, Severino Trucking Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,548,191
Business Information - Severino Trucking Co., Inc in Candia, NH
512 Raymond Rd Po Box 202
Candia, NH 3034
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 83% lower than Severino Trucking Co., Inc's reported 152 employees, and received an average PPP loan of $341,702, 87% lower than this company's loan of $2.55M.
FederalPay's PPP Information Policy
Footnotes & Information
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