PPP Loan Data — W. Saul Construction, Corp, Everett, MA
W. Saul Construction, Corp is a corporation located at 127 Francis Street Apt 2 in Everett, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Leader Bank, National Association
W. Saul Construction, Corp in Everett, MA received a Paycheck Protection Loan of $25,300 through Leader Bank, National Association, 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 March, 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, W. Saul Construction, Corp's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,349 per employee1
Reported PPP Proceed Usage:
On the PPP application, W. Saul Construction, Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - W. Saul Construction, Corp in Everett, MA
127 Francis Street Apt 2
Everett, MA 2149
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Everett
In the Everett area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $27,717 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
E.a. Colangeli Construction Co. Inc
Industry PPP Comparison Statistics
Nationwide, 16,732 businesses in the "Industrial Building Construction" industry received a total of $2.24B 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, 43% higher than W. Saul Construction, Corp's reported 7 employees, and received an average PPP loan of $134,004, 430% higher than this company's loan of $25,300.
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Footnotes & Information
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