PPP Loan Data — Kamco Supply Corp. Of Boston, Woburn, MA
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
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.
Business Information - Kamco Supply Corp. Of Boston in Woburn, MA
181 New Boston St
Woburn, MA 01801
Other Construction Material Merchant Wholesalers (NAICS code 423390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Imperial Woorworking LLC
Star Sales & Distributing Corp.
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.
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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