PPP Loan Data — Your Home Exterior Solutions, Mansfield, MA
Your Home Exterior Solutions is a sole proprietorship located in Mansfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,075.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Your Home Exterior Solutions in Mansfield, MA received a Paycheck Protection Loan of $25,075 through Cross River Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Your Home Exterior Solutions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,075
Business Information - Your Home Exterior Solutions in Mansfield, MA
* Full address is redacted to protect the privacy of individuals.
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mansfield
In the Mansfield area, 10 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $22,888 (compared to this company's $25,075).
Similar Nearby Businesses Who Received PPP Funding:
Andrea Greco Interiors
Jodice & Sons Inc
Joeys Building Designing And Remodeling
A Plus Homes, Inc
Capitol Roofing Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 200% higher than Your Home Exterior Solutions' reported 1 employees, and received an average PPP loan of $30,405, 21% higher than this company's loan of $25,075.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!