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PPP Loan Data — Claflin Service Company,
Warwick, RI
Claflin Service Company
Entity: Corporation
Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
Location: Warwick, RI
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Claflin Service Company is a corporation located at 1206 Jefferson Blvd in Warwick, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $3,083,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-15Lender:
CITIZENS BANK, NATIONAL ASSOCIATIONClaflin Service Company in Warwick, RI received a Paycheck Protection Loan of $3.08M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Claflin Service Company's total 2019 payroll expenses were approximately $14.8M in order to qualify for the PPP loan amount received.
Unlike most businesses, Claflin Service Company's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Claflin Service Company in Warwick, RI
1206 Jefferson Blvd
Warwick, RI 02886
Business Industry
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: RI-02Similar Companies near Warwick
In the Warwick area, 5 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 0) and received an average PPP loan of $1,113,540 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
Alexander's Uniforms
Warwick, RI
Medco Distributors Inc.
Warwick, RI
A To Z Primary Care
Warwick, RI
The Claflin Company
Warwick, RI
Industry PPP Comparison Statistics
Nationwide, 8,635 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1,055,539,669.00 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 9 employees, and received an average PPP loan of $122,240, 96% lower than this company's loan of $3.08M.
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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