PPP Loan Data — Nichols Portland, LLC, Portland, ME
Nichols Portland, LLC
Entity: Limited Liability Company (LLC)
Location: Portland, METweet This • Search All PPP Data
Nichols Portland, LLC is a limited liability company (LLC) located at 2400 Congress Street in Portland, Maine that received a Coronavirus-related PPP loan from the SBA of $4,251,400.00 in April, 2020.
$ PPP Loan Information
Lender:BANGOR SAVINGS BANK
Nichols Portland, LLC in Portland, ME received a Paycheck Protection Loan of $4.25M through BANGOR SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nichols Portland, LLC's total 2019 payroll expenses were approximately $20.41M in order to qualify for the PPP loan amount received.
Based on their reported 325 jobs retained, this equals an estimated average yearly compensation of $62,790 per employee1.
Business Information - Nichols Portland, LLC in Portland, ME
2400 Congress Street
Portland, ME 4102
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing (NAICS code 336310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ME-01
Industry PPP Comparison Statistics
Nationwide, 423 businesses in the "Motor Vehicle Gasoline Engine and Engine Parts Manufacturing" industry received a total of $129,804,058.00 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 24 employees, 93% lower than Nichols Portland, LLC's reported 325 employees, and received an average PPP loan of $306,865, 93% lower than this company's loan of $4.25M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!