PPP Loan Data — T&K Asphalt Services, Inc, Whitman, MA
T&K Asphalt Services, Inc is a subchapter s corporation located at 7 Industrial Way in Whitman, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $1,854,852.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
T&K Asphalt Services, Inc in Whitman, MA received a Paycheck Protection Loan of $1.85M through Eastern 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 May, 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, T&K Asphalt Services, Inc's 2019 payroll expenses are estimated to be at least $8.9M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $65,950 per employee1
Reported PPP Proceed Usage:
On the PPP application, T&K Asphalt Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,854,852
Business Information - T&K Asphalt Services, Inc in Whitman, MA
7 Industrial Way
Whitman, MA 2382
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Whitman
In the Whitman area, 8 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 135) and received an average PPP loan of $560,641 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
Rock Solid Paving And Maintenance Inc
Next Level Fence LLC
Food Equipment Installations Inc
T & K Asphalt Services I
Rock Solid Paving & Maintenance Inc
Sweezey Fence Erectors, LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 94% lower than T&K Asphalt Services, Inc's reported 135 employees, and received an average PPP loan of $86,076, 95% lower than this company's loan of $1.85M.
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Footnotes & Information
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