PPP Loan Data — Koopman Lumber Company, Inc., Whitinsville, MA
Koopman Lumber Company, Inc. is a subchapter s corporation located at 665 Church St in Whitinsville, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,923,656.00 in April, 2020.
$ PPP Loan Information
Koopman Lumber Company, Inc. in Whitinsville, MA received a Paycheck Protection Loan of $3.92M through EASTERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Koopman Lumber Company, Inc.'s total 2019 payroll expenses were approximately $18.83M in order to qualify for the PPP loan amount received.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $63,200 per employee1.
Business Information - Koopman Lumber Company, Inc. in Whitinsville, MA
665 Church St
Whitinsville, MA 1588
Home Centers (NAICS code 444110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-02
Industry PPP Comparison Statistics
Nationwide, 2,392 businesses in the "Home Centers" industry received a total of $390,606,472.00 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 15 employees, 95% lower than Koopman Lumber Company, Inc.'s reported 298 employees, and received an average PPP loan of $163,297, 96% lower than this company's loan of $3.92M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!