PPP Loan Data — Muffin Town, Chelsea, MA
Muffin Town is a subchapter s corporation located at 130 Crescent Ave in Chelsea, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,542,522.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 319 people during the applicable loan loan period.
$ PPP Loan Information
Lender:EAST BOSTON SAVINGS BANK
Muffin Town received a Paycheck Protection Loan of $2.54M through EAST BOSTON SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Muffin Town's total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.
Based on their reported 319 jobs retained, this equals an estimated average yearly compensation of $38,257 per employee1.
Business Information - Muffin Town in Chelsea, MA
130 Crescent Ave
Chelsea, MA 2150
Retail Bakeries (NAICS code 311811)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-07
Similar Companies near Chelsea
In the Chelsea area, 5 businesses in the "Retail Bakeries" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 319) and received an average PPP loan of $589,095 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
KA Donuts LLC
Titos Bakery Inc.
Panzini Donuts Inc
R.B.J. Donut Co., Inc.
Industry PPP Comparison Statistics
Nationwide, 5,683 businesses in the "Retail Bakeries" industry received a total of $381,847,667.00 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 11 employees, 97% lower than Muffin Town's reported 319 employees, and received an average PPP loan of $67,191, 97% lower than this company's loan of $2.54M.
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Footnotes & Information
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