PPP Loan Data — New England Wire Products Inc, Leominster, MA
New England Wire Products Inc
Entity: Subchapter S Corporation
Location: Leominster, MATweet This • Search All PPP Data
New England Wire Products Inc is a subchapter s corporation located at 9 Mohawk Dr in Leominster, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,209,498.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 409 people during the applicable loan loan period.
$ PPP Loan Information
New England Wire Products Inc in Leominster, MA received a Paycheck Protection Loan of $3.21M through EASTERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, New England Wire Products Inc's total 2019 payroll expenses were approximately $15.41M in order to qualify for the PPP loan amount received.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $37,666 per employee1.
Business Information - New England Wire Products Inc in Leominster, MA
9 Mohawk Dr
Leominster, MA 1453
Showcase, Partition, Shelving, and Locker Manufacturing (NAICS code 337215)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MA-02
Industry PPP Comparison Statistics
Nationwide, 447 businesses in the "Showcase, Partition, Shelving, and Locker Manufacturing" industry received a total of $156,389,980.00 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 27 employees, 93% lower than New England Wire Products Inc's reported 409 employees, and received an average PPP loan of $349,866, 89% lower than this company's loan of $3.21M.
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