PPP Loan Data — Stone Gallery LLC, Wrentham, MA
Stone Gallery LLC is a limited liability company (LLC) located at 35 Comstock Dr in Wrentham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $45,789.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Stone Gallery LLC in Wrentham, MA received a Paycheck Protection Loan of $45,789 through Bank of America, National Association, 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, Stone Gallery LLC's 2019 payroll expenses are estimated to be at least $219,787.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,947 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stone Gallery LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,789
Business Information - Stone Gallery LLC in Wrentham, MA
35 Comstock Dr
Wrentham, MA 2093
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wrentham
In the Wrentham area, 10 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $135,726 (compared to this company's $45,789).
Similar Nearby Businesses Who Received PPP Funding:
Phase II Stormwater, Inc
Ethical Tree Services LLC
Simply Safer Wrentham Inc
Green Trees Arborcare, Inc
Landscape America Inc
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B 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, 25% higher than Stone Gallery LLC's reported 4 employees, and received an average PPP loan of $43,486, 5% lower than this company's loan of $45,789.
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Footnotes & Information
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