PPP Loan Data — Turner Brothers, LLC, Middleboro, MA
Turner Brothers, LLC
Entity: Limited Liability Company (LLC)
Location: Middleboro, MATweet This • Search All PPP Data
Turner Brothers, LLC is a limited liability company (LLC) located at 10 Commerce Blvd in Middleboro, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,023,126.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Rockland Trust Company
Turner Brothers, LLC in Middleboro, MA received a Paycheck Protection Loan of $2.02M through Rockland Trust Company, 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, Turner Brothers, LLC's 2019 payroll expenses are estimated to be at least $9.71M.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $59,944 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turner Brothers, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,023,126
Business Information - Turner Brothers, LLC in Middleboro, MA
10 Commerce Blvd
Middleboro, MA 2346
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Middleboro
In the Middleboro area, 27 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 162) and received an average PPP loan of $97,238 (compared to this company's $2.02M).
Similar Nearby Businesses Who Received PPP Funding:
Jensen Home Builders, LLC
Five Star Construction
Barlow Design & Construction Inc
Garfield Construction Company Inc
Eric M Nadolny
Riverside Lakeville LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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, 97% lower than Turner Brothers, LLC's reported 162 employees, and received an average PPP loan of $45,182, 98% lower than this company's loan of $2.02M.
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Footnotes & Information
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