PPP Loan Data — Sharon Denton, Brandon, VT
Sharon Denton is a sole proprietorship located at 64 Paint Works Rd in Brandon, Vermont that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Heritage Family FCU
Sharon Denton in Brandon, VT received a Paycheck Protection Loan of $24,900 through Heritage Family FCU, which was approved in January, 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, Sharon Denton's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sharon Denton reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Sharon Denton in Brandon, VT
64 Paint Works Rd
Brandon, VT 5733
Other Waste Collection
NAICS code 562119
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,636 businesses in the "Other Waste Collection" industry received a total of $254.12M 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 10 employees, 150% higher than Sharon Denton's reported 4 employees, and received an average PPP loan of $96,403, 287% higher than this company's loan of $24,900.
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Footnotes & Information
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