PPP Loan Data — Westport Land Conservation Trust Inc, Westport, MA
Westport Land Conservation Trust Inc
Entity: Non-profit Organization
Location: Westport, MATweet This • Search All PPP Data
Westport Land Conservation Trust Inc is a non-profit organization located at 830 Drift Road in Westport, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $47,171.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Westport Land Conservation Trust Inc in Westport, MA received a Paycheck Protection Loan of $47,171 through BayCoast 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 June, 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, Westport Land Conservation Trust Inc's 2019 payroll expenses are estimated to be at least $226,421.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,605 per employee1
Reported PPP Proceed Usage:
On the PPP application, Westport Land Conservation Trust Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,171
Business Information - Westport Land Conservation Trust Inc in Westport, MA
830 Drift Road
Westport, MA 2790
Environment, Conservation and Wildlife Organizations
NAICS code 813312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,916 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $506.63M 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 14 employees, 250% higher than Westport Land Conservation Trust Inc's reported 4 employees, and received an average PPP loan of $129,375, 174% higher than this company's loan of $47,171.
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Footnotes & Information
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