PPP Loan Data — White Masonry, Linden, PA
White Masonry is a sole proprietorship located at 17 West New Rd. in Linden, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,125.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
White Masonry in Linden, PA received a Paycheck Protection Loan of $25,125 through Customers Bank, 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, White Masonry's 2019 payroll expenses are estimated to be at least $120,600.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,150 per employee1
Reported PPP Proceed Usage:
On the PPP application, White Masonry reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,125
Business Information - White Masonry in Linden, PA
17 West New Rd.
Linden, PA 17744
NAICS code 238140
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Linden
In the Linden area, 4 businesses in the "Masonry Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $45,200 (compared to this company's $25,125).
Similar Nearby Businesses Who Received PPP Funding:
The PA Group Inc
Lock Haven, PA
Industry PPP Comparison Statistics
Nationwide, 16,648 businesses in the "Masonry Contractors" industry received a total of $1.65B 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, 125% higher than White Masonry's reported 4 employees, and received an average PPP loan of $99,369, 295% higher than this company's loan of $25,125.
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Footnotes & Information
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