PPP Loan Data — Bowl New England, Inc., Colchester, VT
Bowl New England, Inc. is a subchapter s corporation located at 506 Hercules Dr in Colchester, Vermont that received a Coronavirus-related PPP loan from the SBA of $4,237,800.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
Bowl New England, Inc. in Colchester, VT received a Paycheck Protection Loan of $4.24M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bowl New England, Inc.'s total 2019 payroll expenses were approximately $20.34M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $40,683 per employee1.
Business Information - Bowl New England, Inc. in Colchester, VT
506 Hercules Dr
Colchester, VT 05446
Bowling Centers (NAICS code 713950)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VT-
Industry PPP Comparison Statistics
Nationwide, 2,218 businesses in the "Bowling Centers" industry received a total of $185,657,256.00 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 17 employees, 97% lower than Bowl New England, Inc.'s reported 500 employees, and received an average PPP loan of $83,705, 98% lower than this company's loan of $4.24M.
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.
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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