PPP Loan Data — Summa Humma Enterprises, LLC, Plaistow, NH
Summa Humma Enterprises, LLC is a limited liability company (LLC) located at 194 Plaistow Road in Plaistow, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $1,643,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 133 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Merrimack County Savings Bank
Summa Humma Enterprises, LLC in Plaistow, NH received a Paycheck Protection Loan of $1.64M through Merrimack County Savings 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, Summa Humma Enterprises, LLC's 2019 payroll expenses are estimated to be at least $7.89M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $59,303 per employee1
Reported PPP Proceed Usage:
On the PPP application, Summa Humma Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,643,200
Business Information - Summa Humma Enterprises, LLC in Plaistow, NH
194 Plaistow Road
Plaistow, NH 3865
Outdoor Power Equipment Stores
NAICS code 444210
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
Industry PPP Comparison Statistics
Nationwide, 2,273 businesses in the "Outdoor Power Equipment Stores" industry received a total of $202.53M 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, 92% lower than Summa Humma Enterprises, LLC's reported 133 employees, and received an average PPP loan of $89,101, 95% lower than this company's loan of $1.64M.
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Footnotes & Information
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