PPP Loan Data — Central Production Facility Co-Op, Inc, Ayer, MA
Central Production Facility Co-Op, Inc is a corporation located at 25 Copeland Drive 0.0 in Ayer, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,095,825.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Central Production Facility Co-Op, Inc in Ayer, MA received a Paycheck Protection Loan of $2.1M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Central Production Facility Co-Op, Inc's 2019 payroll expenses are estimated to be at least $10.06M.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $54,972 per employee1
Reported PPP Proceed Usage:
On the PPP application, Central Production Facility Co-Op, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,374,930
- Utilities: $252,895
- Mortgage Interest: $40,000
- Health Care: $300,000
- Debt Interest: $128,000
Business Information - Central Production Facility Co-Op, Inc in Ayer, MA
25 Copeland Drive 0.0
Ayer, MA 1432
Soft Drink Manufacturing
NAICS code 312111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 814 businesses in the "Soft Drink Manufacturing" industry received a total of $205.71M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 23 employees, 87% lower than Central Production Facility Co-Op, Inc's reported 183 employees, and received an average PPP loan of $252,716, 88% lower than this company's loan of $2.1M.
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Footnotes & Information
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