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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 $3,000,000.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-10Lender:
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.
Based on standard PPP eligibility rules, LPM Holding Company, Inc's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Unlike most businesses, LPM Holding Company, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
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 / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MA-03Similar Companies near Bolton
In the Bolton area, 2 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 0) and received an average PPP loan of $1,746,372 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Seasonal Food Brands LLC
Bolton, MA
Industry PPP Comparison Statistics
Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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, and received an average PPP loan of $108,317, 96% 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, 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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