PPP Loan Data — DFF Corp, Agawam, MA
DFF Corp is a subchapter s corporation located at 59 Gen Creighton W Abrams Dr in Agawam, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,686,500.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION
DFF Corp in Agawam, MA received a Paycheck Protection Loan of $2.69M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, DFF Corp's total 2019 payroll expenses were approximately $12.9M in order to qualify for the PPP loan amount received.
Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $68,591 per employee1.
Business Information - DFF Corp in Agawam, MA
59 Gen Creighton W Abrams Dr
Agawam, MA 01001
Precision Turned Product Manufacturing (NAICS code 332721)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-01
Similar Companies near Agawam
In the Agawam area, 2 businesses in the "Precision Turned Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 188) and received an average PPP loan of $1,444,350 (compared to this company's $2.69M).
Similar Nearby Businesses Who Received PPP Funding:
Interstate Manufacturing Company, Inc
Industry PPP Comparison Statistics
Nationwide, 903 businesses in the "Precision Turned Product Manufacturing" industry received a total of $306,716,117.00 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 23 employees, 88% lower than DFF Corp's reported 188 employees, and received an average PPP loan of $339,663, 87% lower than this company's loan of $2.69M.
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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