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PPP Loan Data — Brockway Smith Company, Wilmington, MA

SBA PPP loan data, payroll data, and salaries for Brockway Smith Company
MA

Brockway Smith Company

Entity: Corporation

Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Location: Wilmington, MA

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Brockway Smith Company is a corporation located at 35 Upton Drive in Wilmington, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,965,582.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.97M

Jobs Retained:

325

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Brockway Smith Company in Wilmington, MA received a Paycheck Protection Loan of $4.97M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Brockway Smith Company's total 2019 payroll expenses were approximately $23.83M in order to qualify for the PPP loan amount received.

Based on their reported 325 jobs retained, this equals an estimated average yearly compensation of $73,338 per employee1.

Because the loan received by Brockway Smith Company 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 - Brockway Smith Company in Wilmington, MA

Brockway Smith Company
35 Upton Drive
Wilmington, MA 01887

Business Industry

Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-06

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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, 95% lower than Brockway Smith Company's reported 325 employees, and received an average PPP loan of $225,451, 95% lower than this company's loan of $4.97M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/brockway-smith-company-wilmington-ma