PPP Loan Data — Business Interiors Floor Covering, Inc., Woburn, MA
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
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.
Business Information - Business Interiors Floor Covering, Inc. in Woburn, MA
16 Everberg Road
Woburn, MA 1801
Finish Carpentry Contractors (NAICS code 238350)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Fishlin Enterprises, Inc.
Griffin Interiors, Inc.
Superior Door Service, Inc.
Renew Massachusetts Coalition Foundation, Inc.
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.
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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