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PPP Loan Data — LPm. Holding Company Inc,
Bolton, MA
LPm. Holding Company Inc
Entity: Subchapter S Corporation
Industry: Food Service Contractors
Location: Bolton, MA
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LPm. Holding Company Inc is a subchapter s corporation located at 580 Main St in Bolton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #7526228309
Loan Size:
Jobs Retained:
186Loan Approved:
2021-01-28Loan Status:
Ongoing LoanLender:
Rockland Trust CompanyLPm. Holding Company Inc in Bolton, MA received a Paycheck Protection Loan of $2M through Rockland Trust Company, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, LPm. Holding Company Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $51,613 per employee1
Reported PPP Proceed Usage:
On the PPP application, LPm. Holding Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - LPm. Holding Company Inc in Bolton, MA
580 Main St
Bolton, MA 1740
Business Industry:
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as LPm. Holding Company Inc.
Headwall Photonics Inc
Optical Instrument and Lens Manufacturing
Similar Companies near Bolton
In the Bolton area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 186) and received an average PPP loan of $1,550,880 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Seasonal Food Brands LLC
Bolton, MA
Seasonal Food Brands Inc
Bolton, MA
Industry PPP Comparison Statistics
Nationwide, 35,883 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 96% lower than LPm. Holding Company Inc's reported 186 employees, and received an average PPP loan of $54,432, 97% lower than this company's loan of $2M.
LPm. Holding Company, Inc
Entity: Subchapter S Corporation
Industry: Food Service Contractors
Location: Bolton, MA
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•
Search All PPP Data
LPm. Holding Company, Inc is a subchapter s corporation located at 580 Main St in Bolton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 333 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1558447110
Loan Size:
Jobs Retained:
333Loan Approved:
2020-04-10Loan Status:
Ongoing LoanLender:
Rockland Trust CompanyLPm. Holding Company, Inc in Bolton, MA received a Paycheck Protection Loan of $3M through Rockland Trust Company, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, LPm. Holding Company, Inc's 2019 payroll expenses are estimated to be at least $14.4M.
Based on their reported 333 jobs retained, this equals an estimated average yearly compensation of $43,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, LPm. Holding Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,000,000
Business Information - LPm. Holding Company, Inc in Bolton, MA
580 Main St
Bolton, MA 1740
Business Industry:
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as LPm. Holding Company, Inc.
Headwall Photonics Inc
Optical Instrument and Lens Manufacturing
Similar Companies near Bolton
In the Bolton area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 333) and received an average PPP loan of $1,550,880 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Seasonal Food Brands LLC
Bolton, MA
Seasonal Food Brands Inc
Bolton, MA
Industry PPP Comparison Statistics
Nationwide, 35,883 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 98% lower than LPm. Holding Company, Inc's reported 333 employees, and received an average PPP loan of $54,432, 98% lower than this company's loan of $3M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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