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PPP Loan Data — Business Interiors Floor Covering, Inc., Woburn, MA

SBA PPP loan data, payroll data, and salaries for Business Interiors Floor Covering, Inc.
MA

Business Interiors Floor Covering, Inc.

Entity: Subchapter S Corporation

Industry: Finish Carpentry Contractors

Location: Woburn, MA

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Business Interiors Floor Covering, Inc. is a subchapter s corporation located at 16 Everberg Road in Woburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,278,200.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 174 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

174

Loan Approved:

2020-04-28

Lender:

LEGACY BANK

Business Interiors Floor Covering, Inc. received a Paycheck Protection Loan of $3.28M through LEGACY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Business Interiors Floor Covering, Inc.'s total 2019 payroll expenses were approximately $15.74M in order to qualify for the PPP loan amount received.

Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $90,433 per employee1.

Because the loan received by Business Interiors Floor Covering, Inc. 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 - Business Interiors Floor Covering, Inc. in Woburn, MA

Business Interiors Floor Covering, Inc.
16 Everberg Road
Woburn, MA 1801

Business Industry

Finish Carpentry Contractors (NAICS code 238350)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MA-05

Similar Companies near Woburn

In the Woburn area, 5 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 174) and received an average PPP loan of $978,223 (compared to this company's $3.28M).

Industry PPP Comparison Statistics

Nationwide, 10,837 businesses in the "Finish Carpentry Contractors" industry received a total of $620,397,823.00 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 5 employees, 97% lower than Business Interiors Floor Covering, Inc.'s reported 174 employees, and received an average PPP loan of $57,248, 98% lower than this company's loan of $3.28M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/business-interiors-floor-covering-inc-woburn-ma