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PPP Loan Data — Kamco Supply Corp. Of Boston, Woburn, MA

SBA PPP loan data, payroll data, and salaries for Kamco Supply Corp. Of Boston
MA

Kamco Supply Corp. Of Boston

Entity: Corporation

Industry: Other Construction Material Merchant Wholesalers

Location: Woburn, MA

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Kamco Supply Corp. Of Boston is a corporation located at 181 New Boston St in Woburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $5,354,208.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.35M

Jobs Retained:

314

Loan Approved:

2020-04-06

Lender:

EASTERN BANK

Kamco Supply Corp. Of Boston in Woburn, MA received a Paycheck Protection Loan of $5.35M through EASTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kamco Supply Corp. Of Boston's total 2019 payroll expenses were approximately $25.7M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $81,848 per employee1.

Because the loan received by Kamco Supply Corp. Of Boston 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 - Kamco Supply Corp. Of Boston in Woburn, MA

Kamco Supply Corp. Of Boston
181 New Boston St
Woburn, MA 01801

Business Industry

Other Construction Material Merchant Wholesalers (NAICS code 423390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: MA-05

Similar Companies near Woburn

In the Woburn area, 3 businesses in the "Other Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 123 employees (compared to this company's 314) and received an average PPP loan of $2,002,236 (compared to this company's $5.35M).

Industry PPP Comparison Statistics

Nationwide, 2,198 businesses in the "Other Construction Material Merchant Wholesalers" industry received a total of $354,432,196.00 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 12 employees, 96% lower than Kamco Supply Corp. Of Boston's reported 314 employees, and received an average PPP loan of $161,252, 97% lower than this company's loan of $5.35M.

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.

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.


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Source: www.federalpay.org/paycheck-protection-program/kamco-supply-corp-of-boston-woburn-ma