PPP Loan Data — Walczak Design & Build LLC, Ipswich, MA
Walczak Design & Build LLC
Entity: Limited Liability Company (LLC)
Location: Ipswich, MATweet This • Search All PPP Data
Walczak Design & Build LLC is a limited liability company (LLC) located at 3 Circle Dr in Ipswich, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,437.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Walczak Design & Build LLC in Ipswich, MA received a Paycheck Protection Loan of $25,437 through Brookline 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, Walczak Design & Build LLC's 2019 payroll expenses are estimated to be at least $122,098.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,049 per employee1
Reported PPP Proceed Usage:
On the PPP application, Walczak Design & Build LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,437
Business Information - Walczak Design & Build LLC in Ipswich, MA
3 Circle Dr
Ipswich, MA 1938
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ipswich
In the Ipswich area, 6 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $53,689 (compared to this company's $25,437).
Similar Nearby Businesses Who Received PPP Funding:
The Ipswich Center, Inc
Atlantic Engineering Inc
42 North LLC
Opre Systems Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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, 150% higher than Walczak Design & Build LLC's reported 2 employees, and received an average PPP loan of $57,091, 124% higher than this company's loan of $25,437.
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Footnotes & Information
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