PPP Loan Data — William J Moore Development, Manchester, NH
William J Moore Development
Entity: Non-profit Organization
Location: Manchester, NHTweet This • Search All PPP Data
William J Moore Development is a non-profit organization located at 195 Mcgregor St in Manchester, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $2,810,507.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
William J Moore Development in Manchester, NH received a Paycheck Protection Loan of $2.81M through TD Bank, National Association, 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, William J Moore Development's 2019 payroll expenses are estimated to be at least $13.49M.
Based on their reported 433 jobs retained, this equals an estimated average yearly compensation of $31,156 per employee1
Reported PPP Proceed Usage:
On the PPP application, William J Moore Development reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,810,507
Business Information - William J Moore Development in Manchester, NH
195 Mcgregor St
Manchester, NH 3102
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Manchester
In the Manchester area, 3 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 360 employees (compared to this company's 433) and received an average PPP loan of $4,417,586 (compared to this company's $2.81M).
Similar Nearby Businesses Who Received PPP Funding:
Easter Seals New Hampshire Inc
JDI Senior Care Inc
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 94% lower than William J Moore Development's reported 433 employees, and received an average PPP loan of $160,784, 94% lower than this company's loan of $2.81M.
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Footnotes & Information
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