PPP Loan Data — Kanzaki Specialty Papers Inc, Ware, MA
Kanzaki Specialty Papers Inc
Location: Ware, MATweet This • Search All PPP Data
Kanzaki Specialty Papers Inc is a corporation located at 20 Cummings St in Ware, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,767,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Monson Savings Bank
Kanzaki Specialty Papers Inc in Ware, MA received a Paycheck Protection Loan of $2.77M through Monson Savings Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Kanzaki Specialty Papers Inc's 2019 payroll expenses are estimated to be at least $13.28M.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $80,994 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kanzaki Specialty Papers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,767,300
Business Information - Kanzaki Specialty Papers Inc in Ware, MA
20 Cummings St
Ware, MA 1082
Paper Bag and Coated and Treated Paper Manufacturing
NAICS code 322220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 451 businesses in the "Paper Bag and Coated and Treated Paper Manufacturing" industry received a total of $182.41M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 37 employees, 77% lower than Kanzaki Specialty Papers Inc's reported 164 employees, and received an average PPP loan of $404,459, 85% lower than this company's loan of $2.77M.
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Footnotes & Information
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