PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Griffin Greenhouse Supplies, Inc., Tewksbury, MA

SBA PPP loan data, payroll data, and salaries for Griffin Greenhouse Supplies, Inc.
MA

Griffin Greenhouse Supplies, Inc.

Entity: Subchapter S Corporation

Industry: Farm Supplies Merchant Wholesalers

Location: Tewksbury, MA

Search All PPP Data

Griffin Greenhouse Supplies, Inc. is a subchapter s corporation located at 1619 Main St in Tewksbury, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,055,336.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.06M

Jobs Retained:

285

Loan Approved:

2020-04-28

Lender:

NEWBURYPORT FIVE CENTS SAVINGS BANK

Griffin Greenhouse Supplies, Inc. received a Paycheck Protection Loan of $4.06M through NEWBURYPORT FIVE CENTS SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Griffin Greenhouse Supplies, Inc.'s total 2019 payroll expenses were approximately $19.47M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $68,300 per employee1.

Because the loan received by Griffin Greenhouse Supplies, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Griffin Greenhouse Supplies, Inc. in Tewksbury, MA

Griffin Greenhouse Supplies, Inc.
1619 Main St
Tewksbury, MA 1876

Business Industry

Farm Supplies Merchant Wholesalers (NAICS code 424910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-06

Industry PPP Comparison Statistics

Nationwide, 3,012 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $498,453,282.00 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 14 employees, 95% lower than Griffin Greenhouse Supplies, Inc.'s reported 285 employees, and received an average PPP loan of $165,489, 96% lower than this company's loan of $4.06M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/griffin-greenhouse-supplies-inc-tewksbury-ma