PPP Loan Data — Eastern Propane Gas, Inc., Rochester, NH
Eastern Propane Gas, Inc. is a subchapter s corporation located at 28 Industrial Way in Rochester, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $7,416,002.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Eastern Propane Gas, Inc. received a Paycheck Protection Loan of $7.42M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eastern Propane Gas, Inc.'s total 2019 payroll expenses were approximately $35.6M in order to qualify for the PPP loan amount received.
Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $74,470 per employee1.
Business Information - Eastern Propane Gas, Inc. in Rochester, NH
28 Industrial Way
Rochester, NH 3867
Gasoline Stations with Convenience Stores (NAICS code 447110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NH-01
Similar Companies near Rochester
In the Rochester area, 5 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 478) and received an average PPP loan of $1,504,061 (compared to this company's $7.42M).
Similar Nearby Businesses Who Received PPP Funding:
Seth & Co LLC
Shri Hari Corp
E Rochestet, NH
Industry PPP Comparison Statistics
Nationwide, 29,511 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $1,334,454,507.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than Eastern Propane Gas, Inc.'s reported 478 employees, and received an average PPP loan of $45,219, 99% lower than this company's loan of $7.42M.
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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