PPP Loan Data — NRF Distributors Inc, Augusta, ME
NRF Distributors Inc is a corporation located at 485 Old Belgrade Road in Augusta, Maine that received a Coronavirus-related PPP loan from the SBA of $4,191,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 328 people during the applicable loan loan period.
$ PPP Loan Information
NRF Distributors Inc in Augusta, ME received a Paycheck Protection Loan of $4.19M through BERKSHIRE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, NRF Distributors Inc's total 2019 payroll expenses were approximately $20.12M in order to qualify for the PPP loan amount received.
Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $61,339 per employee1.
Business Information - NRF Distributors Inc in Augusta, ME
485 Old Belgrade Road
Augusta, ME 04330
Home Furnishing Merchant Wholesalers (NAICS code 423220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: ME-02
Similar Companies near Augusta
In the Augusta area, 2 businesses in the "Home Furnishing Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 328) and received an average PPP loan of $2,129,300 (compared to this company's $4.19M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,013 businesses in the "Home Furnishing Merchant Wholesalers" industry received a total of $467,430,448.00 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 12 employees, 96% lower than NRF Distributors Inc's reported 328 employees, and received an average PPP loan of $155,138, 96% lower than this company's loan of $4.19M.
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Footnotes & Information
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