BMH Corp in Woburn, MA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — BMH Corp, Woburn, MA

BMH Corp

Entity: Corporation

Industry: Metal Service Centers and Other Metal Merchant Wholesalers

Location: Woburn, MA

BMH Corp is a corporation located at 11 Forbes Rd in Woburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,928,275.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.93M

Jobs Retained:

161

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

BMH Corp in Woburn, MA received a Paycheck Protection Loan of $2.93M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, BMH Corp's total 2019 payroll expenses were approximately $14.06M in order to qualify for the PPP loan amount received.

Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $87,303 per employee¹.

Because the loan received by BMH Corp is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - BMH Corp in Woburn, MA

BMH Corp
11 Forbes Rd
Woburn, MA 1801

Business Industry

Metal Service Centers and Other Metal Merchant Wholesalers (NAICS code 423510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-05

Industry PPP Comparison Statistics

Nationwide, 2,691 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $697,432,843.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 18 employees, 89% lower than BMH Corp's reported 161 employees, and received an average PPP loan of $259,172, 91% lower than this company's loan of $2.93M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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