PPP Loan Data — Northeastern Supply Inc, Baltimore, MD
Northeastern Supply Inc
Location: Baltimore, MDTweet This • Search All PPP Data
Northeastern Supply Inc is a corporation located at 8323 Pulaski Hwy in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,200,542.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Northeastern Supply Inc in Baltimore, MD received a Paycheck Protection Loan of $3.2M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northeastern Supply Inc's total 2019 payroll expenses were approximately $15.36M in order to qualify for the PPP loan amount received.
Based on their reported 398 jobs retained, this equals an estimated average yearly compensation of $38,600 per employee1.
Business Information - Northeastern Supply Inc in Baltimore, MD
8323 Pulaski Hwy
Baltimore, MD 21237
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-02
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 96% lower than Northeastern Supply Inc's reported 398 employees, and received an average PPP loan of $247,578, 92% lower than this company's loan of $3.2M.
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