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PPP Loan Data — Fluid Management Systems, Inc.,
Watertown, MA
Fluid Management Systems, Inc.
Entity: Corporation
Industry: Other Industrial Machinery Manufacturing
Location: Watertown, MA
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Fluid Management Systems, Inc. is a corporation located at 580 Pleasant St in Watertown, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $381,515.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 45 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
45Loan Approved:
2020-04-15Lender:
AVIDIA BANKFluid Management Systems, Inc. received a Paycheck Protection Loan of $381,515 through AVIDIA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fluid Management Systems, Inc.'s total 2019 payroll expenses were approximately $1.83M in order to qualify for the PPP loan amount received.
Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $40,695 per employee1.
Business Information - Fluid Management Systems, Inc. in Watertown, MA
580 Pleasant St
Watertown, MA 2472
Business Industry
Other Industrial Machinery Manufacturing (NAICS code 333249)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MA-05Similar Companies near Watertown
In the Watertown area, 3 businesses in the "Other Industrial Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 45) and received an average PPP loan of $2,190,056 (compared to this company's $381,515).
Similar Nearby Businesses Who Received PPP Funding:
Markforged Inc
Watertown, MA
Witricity Corporation
Watertown, MA
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Other Industrial Machinery Manufacturing" industry received a total of $695,492,915.00 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 22 employees, 51% lower than Fluid Management Systems, Inc.'s reported 45 employees, and received an average PPP loan of $320,209, 16% lower than this company's loan of $381,515.
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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