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PPP Loan Data — Eastern Fisheries, Inc.,
New Bedford, MA
Eastern Fisheries, Inc.
Entity: Corporation
Industry: Fish and Seafood Merchant Wholesalers
Location: New Bedford, MA
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Eastern Fisheries, Inc. is a corporation located at 14 Hervey Tichon Ave in New Bedford, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,200,030.00 in July, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-07-31Lender:
ROCKLAND TRUST COMPANYEastern Fisheries, Inc. received a Paycheck Protection Loan of $2.2M through ROCKLAND TRUST COMPANY, which was approved in July, 2020.
Based on standard PPP eligibility rules, Eastern Fisheries, Inc.'s total 2019 payroll expenses were approximately $10.56M in order to qualify for the PPP loan amount received.
Unlike most businesses, Eastern Fisheries, Inc.'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 - Eastern Fisheries, Inc. in New Bedford, MA
14 Hervey Tichon Ave
New Bedford, MA 2740
Business Industry
Fish and Seafood Merchant Wholesalers (NAICS code 424460)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-09Similar Companies near New Bedford
In the New Bedford area, 16 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 0) and received an average PPP loan of $595,821 (compared to this company's $2.2M).
Similar Nearby Businesses Who Received PPP Funding:
Big G Seafood Inc
New Bedford, MA
Ocean C Star (NY) Inc
New Bedford, MA
Mariner Seafood LLC
New Bedford, MA
Jessica & Susan Fishing LLC
New Bedford, MA
East Coast Seafood Group, LLC
New Bedford, MA
Marder Trawling Inc.
New Bedford, MA
Jtsp LLC
New Bedford, MA
Liberty Lobster Company
New Bedford, MA
Industry PPP Comparison Statistics
Nationwide, 1,666 businesses in the "Fish and Seafood Merchant Wholesalers" industry received a total of $243,685,353.00 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 13 employees, and received an average PPP loan of $146,270, 93% lower than this company's loan of $2.2M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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