PPP Loan Data — Speech Language Connections For Vt, Strafford, VT
Speech Language Connections For Vt is a subchapter s corporation located at 65 Robert Lane in Strafford, Vermont that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Speech Language Connections For Vt in Strafford, VT received a Paycheck Protection Loan of $45,800 through Mascoma Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Speech Language Connections For Vt's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,968 per employee1
Reported PPP Proceed Usage:
On the PPP application, Speech Language Connections For Vt reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Speech Language Connections For Vt in Strafford, VT
65 Robert Lane
Strafford, VT 5072
Translation and Interpretation Services
NAICS code 541930
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, 7,619 businesses in the "Translation and Interpretation Services" industry received a total of $219.09M 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 3 employees, 40% lower than Speech Language Connections For Vt's reported 5 employees, and received an average PPP loan of $28,756, 37% lower than this company's loan of $45,800.
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Footnotes & Information
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