PPP Loan Data — Western Hills Crematory, LLC, Cranston, RI
Western Hills Crematory, LLC is a limited liability company (LLC) located at 25 Starline Way in Cranston, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bristol County Savings Bank
Western Hills Crematory, LLC in Cranston, RI received a Paycheck Protection Loan of $24,900 through Bristol County Savings Bank, which was approved in May, 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, Western Hills Crematory, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $14,940 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Hills Crematory, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Western Hills Crematory, LLC in Cranston, RI
25 Starline Way
Cranston, RI 2921
Cemeteries and Crematories
NAICS code 812220
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, 1,538 businesses in the "Cemeteries and Crematories" industry received a total of $107.63M 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 9 employees, 13% higher than Western Hills Crematory, LLC's reported 8 employees, and received an average PPP loan of $69,978, 181% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!